https://www.taxtmi.com/caselaws?id=379543 Customs exemption for road construction machinery was allowed where the importer was a consortium participant named in the project contract and the project was executed through a special purpose vehicle. The Tribunal applied the exemption notification in light of the 10 July 2014 clarification, which recognised that individual constituents of a consortium whose names appear in the contract may import goods under the notification. It held that the contractual requirement to form a special purpose vehicle could not defeat substantive eligibility, and that a narrow reading contrary to the clarified policy intent was unwarranted. The denial of exemption was therefore unsustainable. en-us Fri, 03 May 2019 00:00:00 +0530 Tue, 03 Sep 2019 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379543 Customs exemption for road construction machinery was allowed where the importer was a consortium participant named in the project contract and the project was executed through a special purpose vehicle. The Tribunal applied the exemption notification in light of the 10 July 2014 clarification, which recognised that individual constituents of a consortium whose names appear in the contract may import goods under the notification. It held that the contractual requirement to form a special purpose vehicle could not defeat substantive eligibility, and that a narrow reading contrary to the clarified policy intent was unwarranted. The denial of exemption was therefore unsustainable. Case-Laws Customs Fri, 03 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379543