https://www.taxtmi.com/caselaws?id=429636 The Tribunal set aside the denial of benefits under the Project Imports Regulations, 1986, based on a procedural provision, remitting the cases for assessment according to the project contract. The Tribunal found that the denial of benefits due to a violation of Regulation 7 was incorrect, as the provision was deemed directory, not mandatory, and did not affect eligibility for a lower duty rate. Consequently, the Tribunal overturned the decision upholding the payment of customs duty, interest, and penalty, emphasizing the statutory purpose of granting favorable duty rates for new projects. en-us Thu, 27 Oct 2022 00:00:00 +0530 Wed, 02 Nov 2022 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429636 The Tribunal set aside the denial of benefits under the Project Imports Regulations, 1986, based on a procedural provision, remitting the cases for assessment according to the project contract. The Tribunal found that the denial of benefits due to a violation of Regulation 7 was incorrect, as the provision was deemed directory, not mandatory, and did not affect eligibility for a lower duty rate. Consequently, the Tribunal overturned the decision upholding the payment of customs duty, interest, and penalty, emphasizing the statutory purpose of granting favorable duty rates for new projects. Case-Laws Customs Thu, 27 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429636