https://www.taxtmi.com/caselaws?id=443483 The Tribunal set aside the demand for Countervailing duty (CVD) against the appellant, a Public Sector Undertaking dealing with petroleum products, due to alleged excess collection on imported High Speed Diesel. Citing precedent decisions under the Administered Price Mechanism Scheme, the Tribunal ruled that any excess duty collected should be deposited in the oil pool account. As the excess CVD was not sustainable based on this mechanism, the Tribunal allowed the appeals and provided consequential relief to the appellant. en-us Tue, 19 Sep 2023 00:00:00 +0530 Mon, 25 Sep 2023 08:17:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443483 The Tribunal set aside the demand for Countervailing duty (CVD) against the appellant, a Public Sector Undertaking dealing with petroleum products, due to alleged excess collection on imported High Speed Diesel. Citing precedent decisions under the Administered Price Mechanism Scheme, the Tribunal ruled that any excess duty collected should be deposited in the oil pool account. As the excess CVD was not sustainable based on this mechanism, the Tribunal allowed the appeals and provided consequential relief to the appellant. Case-Laws Customs Tue, 19 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443483