Project Imports Regulations, 1986: Customs duty exemption denied due to non-mandatory procedure; cases remanded for reassessment per contract.

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....Denial of benefit of Project Imports Regulations, 1986 - substantial benefit of exemption from Customs duty has wrongly been denied by invoking procedural provision which is not at all mandatory. - The cases are remitted to the original authority for finalizing the assessment in terms of project contract in the light of reconciliation statement filed - AT....