https://www.taxtmi.com/caselaws?id=760312 CESTAT New Delhi allowed the appeal regarding exemption benefit under N/N. 50/2017-Cus dated 30.06.2017 for imported components used in manufacturing lithium-ion batteries. The appellant imported parts at concessional duty rates and used them to manufacture lithium-ion batteries, which were then captively used to manufacture power banks. The tribunal held that the term "manufacture" in the notification should be interpreted under IGCR Rules 2017, not the Excise Act 1944. Since the appellant manufactured lithium-ion batteries from imported components before using them in power banks, they were entitled to exemption benefits. The demand was also barred by limitation, and the impugned order was set aside. en-us Fri, 18 Oct 2024 00:00:00 +0530 Sat, 19 Oct 2024 08:28:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760312 CESTAT New Delhi allowed the appeal regarding exemption benefit under N/N. 50/2017-Cus dated 30.06.2017 for imported components used in manufacturing lithium-ion batteries. The appellant imported parts at concessional duty rates and used them to manufacture lithium-ion batteries, which were then captively used to manufacture power banks. The tribunal held that the term "manufacture" in the notification should be interpreted under IGCR Rules 2017, not the Excise Act 1944. Since the appellant manufactured lithium-ion batteries from imported components before using them in power banks, they were entitled to exemption benefits. The demand was also barred by limitation, and the impugned order was set aside. Case-Laws Customs Fri, 18 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760312