https://www.taxtmi.com/caselaws?id=371133 The Tribunal ruled in favor of the airlines, holding that freight, insurance, and landing charges should not be included in the assessable value of remnant Aviation Turbine Fuel (ATF) upon arrival at Chennai Airport. Citing legal precedents and emphasizing that the remnant fuel was not transported as cargo, the Tribunal dismissed the Revenue's appeals and set aside duty liabilities and penalties under the Customs Act, 1962. The decision provided consequential benefits to the airlines and resolved the dispute over the valuation of ATF for flights to foreign destinations. en-us Thu, 25 Oct 2018 00:00:00 +0530 Thu, 29 Nov 2018 07:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371133 The Tribunal ruled in favor of the airlines, holding that freight, insurance, and landing charges should not be included in the assessable value of remnant Aviation Turbine Fuel (ATF) upon arrival at Chennai Airport. Citing legal precedents and emphasizing that the remnant fuel was not transported as cargo, the Tribunal dismissed the Revenue's appeals and set aside duty liabilities and penalties under the Customs Act, 1962. The decision provided consequential benefits to the airlines and resolved the dispute over the valuation of ATF for flights to foreign destinations. Case-Laws Customs Thu, 25 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371133