CESTAT Chennai Grants Relief to Hyundai Motors in Customs Duty Dispute

Hyundai Motor India Limited Vs Commissioner of Customs (CESTAT Chennai) Introduction: In a recent development, the Customs Excise and Service Tax Appellate Tribunal (CESTAT) Chennai issued a crucial order in the case of Hyundai Motor India Limited vs. Commissioner of Customs. The dispute revolved around the denial of duty exemption to Hyundai Motors under the EPCG Authorization for the import of capital goods. The order, dated 03.11.2023, provides significant relief to Hyundai Motors, setting aside the Commissioner’s earlier decision. Detailed Analysis: 1. Background of the Case: The app...