https://www.taxtmi.com/caselaws?id=759698 CESTAT New Delhi allowed the appeal regarding customs duty exemption for lithium-ion battery components. The appellant imported parts at concessional rates under Notification 50/2017 to manufacture power banks, which the department claimed were different from lithium-ion batteries. The tribunal held that power banks function as lithium-ion batteries with additional printed circuit boards for voltage conversion. Since the appellant complied with notification conditions and used imported components for manufacturing lithium-ion batteries (later assembled into power banks), the exemption was rightfully claimed. The demand was also barred by limitation as the department failed to establish willful misstatement warranting extended limitation period. en-us Mon, 30 Sep 2024 00:00:00 +0530 Mon, 07 Oct 2024 09:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759698 CESTAT New Delhi allowed the appeal regarding customs duty exemption for lithium-ion battery components. The appellant imported parts at concessional rates under Notification 50/2017 to manufacture power banks, which the department claimed were different from lithium-ion batteries. The tribunal held that power banks function as lithium-ion batteries with additional printed circuit boards for voltage conversion. Since the appellant complied with notification conditions and used imported components for manufacturing lithium-ion batteries (later assembled into power banks), the exemption was rightfully claimed. The demand was also barred by limitation as the department failed to establish willful misstatement warranting extended limitation period. Case-Laws Customs Mon, 30 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759698