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Trade & Customs
The Customs, Excise and Service Tax Appellate Tribunal recently observed that when an appellant discharges its duty liability as a 100% export-oriented unit, it is no longer entitled to claim the benefits available to such a unit. However, the benefits available to a domestic tariff area unit would now become available to the appellant. Accordingly, the appellant was allowed to file shipping bills under the drawback claim.
In a recent High Court case, the appellant – a manufacturer of iron, steel and allied products – imported certain raw materials classified under a customs tariff heading that deemed them exempt from customs duty. However, at the time of import, while provisionally assessing the goods, the superintendent of customs changed the classification of imported goods, which resulted in a 5% increase in duty liability.
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