Customs duty exemption under notification 1/95-CE not granted as value addition condition not fulfilled

Principal Commissioner of Customs Vs Lucky Exports (Karnataka High Court)

Karnataka High Court held that customs duty under the exemption Notification No.1/95-CE dated 04.01.1995 on imported items not granted since condition of value addition at the minimum rate of 33% made before the exports not satisfied. In fact, the value addition was only upto 5.18%.

Facts- The 1^st respondent herein was a Partnership Firm engaged in Export of Medicines, Engineering Goods, Medical Equipments and Agro Products. It was a government recognized Export House and t

Please become a Premium member. If you are already a Premium member, login here to access the full content.