https://www.taxtmi.com/caselaws?id=47847 The Tribunal allowed the appeal, holding that the third section of the imported vessel "M.V. Sea Transporter" was entitled to exemption under Notification No. 133/87-Cus and eligible for remission of duty under Section 23 of the Customs Act, 1962, as it sank at sea before clearance for home consumption. The High Court rejected the reference application, deeming it unnecessary as the Tribunal's decision conclusively addressed the exemption and applicability of Section 23 to the lost section. The case emphasizes that duty exemptions and remission depend on the specific circumstances of imported goods, especially when unforeseen events like a cyclone occur. en-us Tue, 07 Oct 2003 00:00:00 +0530 Sat, 31 Jul 2010 12:11:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47847 The Tribunal allowed the appeal, holding that the third section of the imported vessel "M.V. Sea Transporter" was entitled to exemption under Notification No. 133/87-Cus and eligible for remission of duty under Section 23 of the Customs Act, 1962, as it sank at sea before clearance for home consumption. The High Court rejected the reference application, deeming it unnecessary as the Tribunal's decision conclusively addressed the exemption and applicability of Section 23 to the lost section. The case emphasizes that duty exemptions and remission depend on the specific circumstances of imported goods, especially when unforeseen events like a cyclone occur. Case-Laws Customs Tue, 07 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47847