1996 (10) TMI 99 - SCH - Central Excise

Summary

The Supreme Court upheld the Customs Tribunal's decision regarding excise duty exemption for "ocean-going vessels." The Tribunal determined the vessels qualified based on contracts, permissions, and the Merchant Shipping Act, despite being used as barges in inland waters. The Court dismissed the appeals, stating the vessels were entitled to the exemption. No costs were awarded.