https://www.taxtmi.com/caselaws?id=44299 The Court determined that oil rigs are considered vessels for the Customs Act, allowing the Petitioners to transfer goods without duty payment under Section 86(2). Even if not classified as vessels, the Petitioners can benefit from Section 54 for transhipment outside India without duty. The Court granted relief to the Petitioners, declaring their entitlement to these provisions, with existing Bonds and Bank Guarantees to remain valid for six months post-judgment. en-us Wed, 17 Jan 1996 00:00:00 +0530 Fri, 25 Jun 2010 13:07:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44299 The Court determined that oil rigs are considered vessels for the Customs Act, allowing the Petitioners to transfer goods without duty payment under Section 86(2). Even if not classified as vessels, the Petitioners can benefit from Section 54 for transhipment outside India without duty. The Court granted relief to the Petitioners, declaring their entitlement to these provisions, with existing Bonds and Bank Guarantees to remain valid for six months post-judgment. Case-Laws Customs Wed, 17 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44299