Benefit of exemption under S. No. 512 of Notification No. 50/2017-Customs for parts/components imported...

Benefit of exemption under S. No. 512 of Notification No. 50/2017-Customs for parts/components imported for manufacturing Lithium Ion Batteries. The department denied the exemption on the grounds that the appellant manufactured power banks instead of Lithium Ion Batteries. The Tribunal held that the appellant utilized all imported parts/components to manufacture its product, complying with the notification's conditions. The controversy centered on whether the manufactured product was a Lithium Ion Battery or a power bank. The Tribunal stated that the exemption benefit should not be extended to circumvent or stretch beyond its intended scope. The term "manufacture" in the notification must be interpreted considering the IGCR Rules, 2017. The..... .....

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