https://www.taxtmi.com/caselaws?id=753535 A customs exemption notification issued under Section 25(1) of the Customs Act must be construed by its substance and operative effect, not by the source of power alone; the notification may provide complete or conditional relief depending on its terms. Exemption from customs duty does not automatically extend to Social Welfare Surcharge levied under Section 110 of the Finance Act, 2018 unless that charging provision is expressly or clearly covered, so the surcharge remains payable. Debit of MEIS/SEIS duty credit scrips under the Foreign Trade Policy is a mode of payment of customs duty, not a mere procedural step. Non-credit to the Consolidated Fund of India does not negate levy or collection where duty is discharged through the prescribed mechanism. en-us Fri, 10 May 2024 00:00:00 +0530 Wed, 05 Jun 2024 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753535 A customs exemption notification issued under Section 25(1) of the Customs Act must be construed by its substance and operative effect, not by the source of power alone; the notification may provide complete or conditional relief depending on its terms. Exemption from customs duty does not automatically extend to Social Welfare Surcharge levied under Section 110 of the Finance Act, 2018 unless that charging provision is expressly or clearly covered, so the surcharge remains payable. Debit of MEIS/SEIS duty credit scrips under the Foreign Trade Policy is a mode of payment of customs duty, not a mere procedural step. Non-credit to the Consolidated Fund of India does not negate levy or collection where duty is discharged through the prescribed mechanism. Case-Laws Customs Fri, 10 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753535