https://www.taxtmi.com/caselaws?id=770764 CESTAT NEW DELHI allowed appeals challenging customs duty and penalty imposition under sections 112 and 140. The appellant imported aircraft under exemption notification for non-scheduled passenger/charter services but gave it on dry lease to other companies. The Commissioner held this violated notification conditions. However, CESTAT ruled the notification permits use for both passenger and charter services, and does not restrict leasing arrangements. The notification only requires aircraft use for specified services, not exclusive operation by importer. Consequently, penalty on directors and customs duty demand were set aside. en-us Fri, 02 May 2025 00:00:00 +0530 Fri, 16 May 2025 08:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770764 CESTAT NEW DELHI allowed appeals challenging customs duty and penalty imposition under sections 112 and 140. The appellant imported aircraft under exemption notification for non-scheduled passenger/charter services but gave it on dry lease to other companies. The Commissioner held this violated notification conditions. However, CESTAT ruled the notification permits use for both passenger and charter services, and does not restrict leasing arrangements. The notification only requires aircraft use for specified services, not exclusive operation by importer. Consequently, penalty on directors and customs duty demand were set aside. Case-Laws Customs Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770764