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2016 (4) TMI 9 - CESTAT MUMBAI

2016 (4) TMI 9 - CESTAT MUMBAI - TMI - Eligibility for benefit of reduced Custom duty under Project Import Regulations, 1986 - Goods imported during the period November and December 1986 and benefit of project import regulations were extended - Department contended that appellant has to comply with condition no. 7 of project import regulations - Held that:- as regulation no. 7 was not in the statute when the goods were imported, hence it cannot be pressed into service for denying the benefit of .....

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mmissioner of Central Excise (Appeals), Mumbai II. 2. Heard both sides and perused the records. 3. The issue that arises for consideration is whether the appellant herein is eligible for the benefit of reduced Customs duty under the Project Import Regulations, 1986. Appellant registered a contract with the Customs authorities on 03.11.1987 and the goods were allowed to be cleared on provisional assessment on execution of Bond of ₹ 8 lakhs and bank guarantee for ₹ 40,000/-. It is a ca .....

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e project import regulations; which is that the appellant has to produce reconciliation statement of the goods imported and that the goods are installed in the factory. We find from the records that the goods were imported during the period November and December 1986 and benefit of project import regulations were extended. We also note that the appellant had obtained the certificate from chartered engineer which is dated 26/11/1987. Both the lower authorities have recorded a finding that the app .....

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