Finished Goods Diverted to Local Market: Duty Required, Raw Materials Exempt from Duty Under CT-1 Regulations.

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....Diversion of goods supplied against CT-1 to the local market - even if there was clearance in excess of permissible limit it may amount to be case of diversion of finished goods, duty shall be payable in respect of finished goods and no duty become demandable on the raw material used in the manufacture of such diverted goods - AT....