https://www.taxtmi.com/caselaws?id=380633 The court set aside the demand for duty on goods recovered from a wrecked ship, ruling that the vessel should be assessed under section 21 of the Customs Act, 1962 for wrecks rather than as imported goods for breaking. The exemption for 'ocean going vessels' applied until superseded by a specific notification. The court distinguished between wrecking and breaking up, emphasizing that salvaging the vessel was not for commercial purposes. The appellant's argument for duty remission was accepted, and the case was remanded for reevaluation within 180 days, clarifying that wrecks are not imported but parts sought to be imported are subject to duty. en-us Fri, 10 May 2019 00:00:00 +0530 Fri, 21 Feb 2020 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380633 The court set aside the demand for duty on goods recovered from a wrecked ship, ruling that the vessel should be assessed under section 21 of the Customs Act, 1962 for wrecks rather than as imported goods for breaking. The exemption for 'ocean going vessels' applied until superseded by a specific notification. The court distinguished between wrecking and breaking up, emphasizing that salvaging the vessel was not for commercial purposes. The appellant's argument for duty remission was accepted, and the case was remanded for reevaluation within 180 days, clarifying that wrecks are not imported but parts sought to be imported are subject to duty. Case-Laws Customs Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380633