https://www.taxtmi.com/caselaws?id=411811 The court held that Condition No. 82 of Notification No. 12/2012-Cus could not be applied retrospectively to vessels imported before the notification date, exempting 'Jag Arnav' from customs duty. It ruled that customs duty could not be imposed on the conversion of foreign-going vessels to coastal status if exempt at the time of import. The court emphasized that duties applicable at the time of import are relevant, and subsequent notifications cannot impose new duties retrospectively. The petition was allowed, directing the release of deposited funds and rejecting the demand for Countervailing Duty for vessel conversions. en-us Fri, 27 Aug 2021 00:00:00 +0530 Fri, 15 Apr 2022 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411811 The court held that Condition No. 82 of Notification No. 12/2012-Cus could not be applied retrospectively to vessels imported before the notification date, exempting 'Jag Arnav' from customs duty. It ruled that customs duty could not be imposed on the conversion of foreign-going vessels to coastal status if exempt at the time of import. The court emphasized that duties applicable at the time of import are relevant, and subsequent notifications cannot impose new duties retrospectively. The petition was allowed, directing the release of deposited funds and rejecting the demand for Countervailing Duty for vessel conversions. Case-Laws Customs Fri, 27 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411811