https://www.taxtmi.com/caselaws?id=752422 CESTAT Mumbai ruled in favor of the appellant-importer regarding construction equipment imported under concessional duty notification. The tribunal found that seizure by customs authorities prematurely terminated the lock-in period, interfering with notification compliance. Despite contract cancellation and non-deployment for intended project, the goods were not used for ineligible activities during the required period. The tribunal set aside duty recovery, confiscation orders, and penalties, restoring goods to the importer for proper notification compliance. The premature customs action effectively prevented legitimate use within notification scope. en-us Tue, 07 May 2024 00:00:00 +0530 Fri, 10 May 2024 06:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752422 CESTAT Mumbai ruled in favor of the appellant-importer regarding construction equipment imported under concessional duty notification. The tribunal found that seizure by customs authorities prematurely terminated the lock-in period, interfering with notification compliance. Despite contract cancellation and non-deployment for intended project, the goods were not used for ineligible activities during the required period. The tribunal set aside duty recovery, confiscation orders, and penalties, restoring goods to the importer for proper notification compliance. The premature customs action effectively prevented legitimate use within notification scope. Case-Laws Customs Tue, 07 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752422