https://www.taxtmi.com/highlights?id=89460 HC determined that the vessel Asean Explorer qualified as a foreign going vessel under Section 87 of the Customs Act, 1961. The court rejected arguments that the vessel's berthing arrangements at Cochin Port or intermittent cable repair activities in the Indian Ocean negated its foreign going status. The vessel's contractual obligation to be ready for repair operations and its time charter agreement substantiated its classification. The court affirmed the Tribunal's original finding, emphasizing that the vessel satisfies the statutory definition without requiring strained interpretation. Consequently, the vessel remained entitled to the exemption, and the appeal was dismissed. en-us Mon, 16 Jun 2025 08:39:01 +0530 Mon, 16 Jun 2025 08:39:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=89460 HC determined that the vessel Asean Explorer qualified as a foreign going vessel under Section 87 of the Customs Act, 1961. The court rejected arguments that the vessel's berthing arrangements at Cochin Port or intermittent cable repair activities in the Indian Ocean negated its foreign going status. The vessel's contractual obligation to be ready for repair operations and its time charter agreement substantiated its classification. The court affirmed the Tribunal's original finding, emphasizing that the vessel satisfies the statutory definition without requiring strained interpretation. Consequently, the vessel remained entitled to the exemption, and the appeal was dismissed. Highlights Customs Mon, 16 Jun 2025 08:39:01 +0530 https://www.taxtmi.com/highlights?id=89460