Debiting Duty Scrips: A Payment Mode, Not Just Administrative: Madras HC

Gemini Edibles and Fats India Pvt. Ltd Vs Union of India (Through its Secretary) (Madras High Court) a) A Notification, merely by virtue of having been issued under Section 25(1) of the Customs Act, cannot be understood as granting exemption from levy of Customs Duty, instead, one must enquire and find the substance of the notification. b) The subject notifications, Notification Nos.24 and 25 of 2015 cannot be understood as granting exemption from levy of SWS, inasmuch as, the notifications only refer to Section 25(1) and bear no reference to Section 110 of the Finance Act under which SWS is l...