https://www.taxtmi.com/caselaws?id=51963 An exemption for "stores" consumed on board ships did not extend to diesel engines supplied to a shipyard for fitment in ships under construction, because the engines were components used to bring the vessel into existence rather than goods used in an existing vessel; the duty demand was therefore upheld. Penalty under central excise law was also justified because the record showed knowledge of the actual end use despite the goods being projected as stores, but the quantum was moderated on the facts and reduced. en-us Tue, 08 Jul 2003 00:00:00 +0530 Wed, 29 Sep 2010 14:21:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51963 An exemption for "stores" consumed on board ships did not extend to diesel engines supplied to a shipyard for fitment in ships under construction, because the engines were components used to bring the vessel into existence rather than goods used in an existing vessel; the duty demand was therefore upheld. Penalty under central excise law was also justified because the record showed knowledge of the actual end use despite the goods being projected as stores, but the quantum was moderated on the facts and reduced. Case-Laws Central Excise Tue, 08 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51963