Relief to Intas Pharmaceuticals: CESTAT rules Benefit of Customs Duty cannot be Denied to Loan Licensee Importer [Read Order]

Relief - Intas -Pharmaceuticals-CESTAT - Benefit - Customs- Duty - Denied - Loan -Licensee- Importer-TAXSCAN

In a major relief to M/s. Intas Pharmaceuticals Limited, the Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), ruled that benefit of customs duty cannot be denied to loan licensee importer. The issue involved is whether the appellant can be ousted from the eligibility for benefit of Notification No.50/2017-cus dated 30.7.2017…

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