https://www.taxtmi.com/caselaws?id=375559 A 100% EOU was entitled to clear bearing housing machined into the DTA at concessional duty, because para 6.8(a) of the Foreign Trade Policy allowed DTA sale up to 50% of FOB value overall and, for units exporting more than one product, up to 90% of the FOB value of the specific product. The tribunal held that the customs valuation concept of "similar goods" could not govern the policy interpretation, and the appellant had not exceeded the applicable entitlement. The denial of concessional duty was therefore unjustified, and the demand, interest and penalty were unsustainable. en-us Tue, 19 Feb 2019 00:00:00 +0530 Thu, 21 Feb 2019 09:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375559 A 100% EOU was entitled to clear bearing housing machined into the DTA at concessional duty, because para 6.8(a) of the Foreign Trade Policy allowed DTA sale up to 50% of FOB value overall and, for units exporting more than one product, up to 90% of the FOB value of the specific product. The tribunal held that the customs valuation concept of "similar goods" could not govern the policy interpretation, and the appellant had not exceeded the applicable entitlement. The denial of concessional duty was therefore unjustified, and the demand, interest and penalty were unsustainable. Case-Laws Customs Tue, 19 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375559