2011 (4) TMI 540 - AT - Customs

Exemption - Notification No. 29/97 - The benefit under the notification is available, inter alia, in case of a licence issued with an obligation to export products related to agriculture etc. Since the EPCG committee has amended the licence by endorsing that Sorbitol is an Agro-product , the Commissioner has rightly extended the benefit of exemption from payment of CVD under the above notification - Decided in favour of assessee.

Summary

The Appellate Tribunal CESTAT, Chennai upheld the decision to extend the benefit of 'Nil' rate of duty under Customs Notification No. 29/97 for the export product "Sorbitol" categorized as an "Agro Product" by the EPCG committee based on the Revised National Industrial Classification. The Revenue's challenge was rejected in the appeal.