https://www.taxtmi.com/caselaws?id=34311 The Tribunal allowed the appeal, overturning the order of confiscation and penalty imposition on the importer for equipment imported for use on a dredger. The decision emphasized the application of Sections 86 and 87 of the Customs Act, 1962, allowing the transfer of imported ship stores without duty payment for dredger use. The Tribunal found the goods were correctly declared, not necessitating an IEC code, and considered them ship stores, vacating the confiscation order and setting aside the penalty. en-us Mon, 20 Apr 2009 00:00:00 +0530 Wed, 12 Aug 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34311 The Tribunal allowed the appeal, overturning the order of confiscation and penalty imposition on the importer for equipment imported for use on a dredger. The decision emphasized the application of Sections 86 and 87 of the Customs Act, 1962, allowing the transfer of imported ship stores without duty payment for dredger use. The Tribunal found the goods were correctly declared, not necessitating an IEC code, and considered them ship stores, vacating the confiscation order and setting aside the penalty. Case-Laws Customs Mon, 20 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34311