https://www.taxtmi.com/caselaws?id=402510 The HC ruled in favor of the appellant, overturning the Tribunal's decision and granting the benefit of the exemption under Notification No.21/2002. The court clarified that "for use" means intended use, not actual use, and found no evidence of suppression of facts by the appellant. The imposed duty and penalty of Rs. 1,30,22,441 were quashed, allowing the appeal and granting the exemption benefit. en-us Tue, 22 Dec 2020 00:00:00 +0530 Wed, 30 Oct 2024 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402510 The HC ruled in favor of the appellant, overturning the Tribunal's decision and granting the benefit of the exemption under Notification No.21/2002. The court clarified that "for use" means intended use, not actual use, and found no evidence of suppression of facts by the appellant. The imposed duty and penalty of Rs. 1,30,22,441 were quashed, allowing the appeal and granting the exemption benefit. Case-Laws Customs Tue, 22 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402510