Customs Duty Based on Actual Crude Oil Received in Indian Port Tank: CESTAT

Reliance Industries Limited Vs Commissioner of Customs (CESTAT Ahmedabad) Introduction: The case of Reliance Industries Limited vs. Commissioner of Customs (CESTAT Ahmedabad) delves into the critical question of whether the quantity of crude oil received into a shore tank in an Indian port should be the basis for the payment of customs duty. The dispute arose during the period from May 2011 to June 2011 when Reliance Industries imported crude petroleum oil at Sikka Port. The provisional assessment of customs duty was later finalized by the proper officer, leading to a refund claim by Reliance ...