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Customs - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Diversion of goods supplied against CT-1 to the local market - ...


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

February 6, 2014

Case Laws     Customs     AT

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

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