Notification No. 50/2017-cus Benefit cannot be denied for Goods Used in Loan Licensee’s Factory

Intas Pharmaceuticals Limited Vs Commissioner of Customs (CESTAT Ahmedabad) Notification No. 50/2017-cus, Dated: 30/06/2017 Benefit Cannot be Denied for Goods imported and Used in Loan Licensee’s Factory Introduction: In a significant decision, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Ahmedabad has ruled in favor of Intas Pharmaceuticals Limited, providing relief and upholding the eligibility of the company for the benefit of Notification No. 50/2017-cus. The central issue revolved around whether Intas Pharmaceuticals could be denied the benefits solely because the...