https://www.taxtmi.com/caselaws?id=416205 The appeal by M/s Jet Airways contested the demand confirmation and penalty under the Customs Act, 1962, related to duty liability on fuel on aircraft returning to India after an international leg. The dispute involved the applicability of Customs Valuation Rules, 2007, and the exclusion of fuel before conversion for international runs. The Larger Bench clarified the valuation rules, excluding certain costs from the assessable value for duty liability. The appellant's plea for fuel exclusion before conversion was not accepted due to procedural reasons. The appeal was partially allowed, and the impugned order was set aside. en-us Tue, 21 Dec 2021 00:00:00 +0530 Thu, 23 Dec 2021 12:10:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416205 The appeal by M/s Jet Airways contested the demand confirmation and penalty under the Customs Act, 1962, related to duty liability on fuel on aircraft returning to India after an international leg. The dispute involved the applicability of Customs Valuation Rules, 2007, and the exclusion of fuel before conversion for international runs. The Larger Bench clarified the valuation rules, excluding certain costs from the assessable value for duty liability. The appellant's plea for fuel exclusion before conversion was not accepted due to procedural reasons. The appeal was partially allowed, and the impugned order was set aside. Case-Laws Customs Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416205