Customs Duty on Import of HSD by Indian Oil Corporation must be Based on Actual Oil Quantity Physically Recieved into Shore Tank: CESTAT [Read Order]

By Yogitha S. Yogesh - On September 15, 2023 11:30 am - 2 mins read
Customs Duty - Import of HSD - HSD - Indian oil Corporation - Actual Oil Quantity Physically Recieved - Actual Oil - Oil Quantity - Shore Tank - CESTAT - taxscan

In the case of Indian Oil Corporation Limited (IOCL), the Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that Customs Duty on Import of High Speed Deisel (HSD) must be based on actual oil quantity physically recieved into shore tank. The appellant IOCL, Kandla had imported 98 consignments of…

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