https://www.taxtmi.com/caselaws?id=369900 The tribunal upheld the classification of the vessel "M V Royal Sesa" under Customs Tariff Heading (CTH) 89059090 as a "Floating Transfer Station" or "Crane Barge." Consequently, the exemptions claimed by the appellants under Notification No. 12/2012-Cus and Notification No. 21/2012-Cus were deemed inapplicable. The re-assessment of customs duty amounting to Rs. 12,43,46,232 was confirmed based on the correct classification. The vessel was ordered to be confiscated under section 111(m) of the Customs Act, 1962, with an option for redemption on payment of a fine. Penalties were imposed for deliberate mis-declaration, and interest was demanded for delayed payment. The tribunal dismissed both appeals, upholding the decisions on classification, exemptions, duty, confiscation, penalties, and interest. en-us Fri, 02 Nov 2018 00:00:00 +0530 Sat, 16 Nov 2019 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369900 The tribunal upheld the classification of the vessel "M V Royal Sesa" under Customs Tariff Heading (CTH) 89059090 as a "Floating Transfer Station" or "Crane Barge." Consequently, the exemptions claimed by the appellants under Notification No. 12/2012-Cus and Notification No. 21/2012-Cus were deemed inapplicable. The re-assessment of customs duty amounting to Rs. 12,43,46,232 was confirmed based on the correct classification. The vessel was ordered to be confiscated under section 111(m) of the Customs Act, 1962, with an option for redemption on payment of a fine. Penalties were imposed for deliberate mis-declaration, and interest was demanded for delayed payment. The tribunal dismissed both appeals, upholding the decisions on classification, exemptions, duty, confiscation, penalties, and interest. Case-Laws Customs Fri, 02 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369900