Case Law Analysis
|Custom, Excise & Service Tax Tribunal
Section 111(d) Customs Act | High Sea Sales via State Trading Enterprises Valid Despite Foreign Trade Policy Restrictions : CESTAT Ahmedabad
CESTAT Ahmedabad rules that imports of Technical Grade Urea through State Trading Enterprises under high sea sales do not violate the Foreign Trade Policy, even without a DGFT license. The tribunal set aside confiscation and penalty orders, clarifying that such transactions are permissible under Section 111(d) of the Customs Act, impacting importers relying on high sea sales mechanisms.