https://www.taxtmi.com/caselaws?id=364896 The Tribunal upheld the duty liability of the appellants under Section 8C of the Customs Tariff Act, 1975, for importing Carbon black despite their claim of exemption under the Foreign Trade Policy. Relying on the judgment of the Hon'ble Bombay High Court in Balkrishna Industries Ltd. case, the Tribunal concluded that safeguard duty was applicable as it is country-specific. Despite the stay on the judgment by the Hon'ble Apex Court, the Tribunal held that the reasoning of the judgment could still be applied, resulting in the dismissal of the appeals and affirming the duty payment obligation for the appellants. en-us Thu, 12 Jul 2018 00:00:00 +0530 Sat, 16 Nov 2019 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364896 The Tribunal upheld the duty liability of the appellants under Section 8C of the Customs Tariff Act, 1975, for importing Carbon black despite their claim of exemption under the Foreign Trade Policy. Relying on the judgment of the Hon'ble Bombay High Court in Balkrishna Industries Ltd. case, the Tribunal concluded that safeguard duty was applicable as it is country-specific. Despite the stay on the judgment by the Hon'ble Apex Court, the Tribunal held that the reasoning of the judgment could still be applied, resulting in the dismissal of the appeals and affirming the duty payment obligation for the appellants. Case-Laws Customs Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364896