2002 (1) TMI 1117 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai ruled on a case involving imported horticultural machinery. The duty paid was later refunded, but the Deputy Commissioner argued that depreciation costs were passed on to buyers. The Commissioner of Customs disagreed, stating the importers were exempt from income tax. The Tribunal found no grounds to stay the order and dismissed the application.