https://www.taxtmi.com/caselaws?id=434692 The appeal under Section 130 of the Customs Act, 1962, seeking conversion of shipping bills from the Duty Drawback Scheme to the DFIA Scheme was dismissed by the Gujarat High Court. The Court upheld the Tribunal's decision in favor of the Company, allowing the conversion subject to the reversal of benefits taken under the Duty Drawback scheme along with interest. The High Court emphasized that the conversion application cannot be rejected based on limitation grounds and highlighted that Section 149 of the Customs Act does not prescribe a time limit for such conversions, aligning with established legal precedents. en-us Wed, 15 Feb 2023 00:00:00 +0530 Thu, 02 Mar 2023 08:16:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434692 The appeal under Section 130 of the Customs Act, 1962, seeking conversion of shipping bills from the Duty Drawback Scheme to the DFIA Scheme was dismissed by the Gujarat High Court. The Court upheld the Tribunal's decision in favor of the Company, allowing the conversion subject to the reversal of benefits taken under the Duty Drawback scheme along with interest. The High Court emphasized that the conversion application cannot be rejected based on limitation grounds and highlighted that Section 149 of the Customs Act does not prescribe a time limit for such conversions, aligning with established legal precedents. Case-Laws Customs Wed, 15 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434692