Unjust enrichment
Court :
Bombay Tribunal
Brief :
Customs - Refund of differential duty paid on import of vessel subject to principles of unjust enrichment - Duty recoverable from Customs should be shown as current assets,
Citation :
CC, Mumbai Vs M/s Hind Offshore Pvt Ltd (Dated: November 4, 2008)
CC, Mumbai Vs M/s Hind Offshore Pvt Ltd (Dated: November 4, 2008)
Customs - Refund of differential duty paid on import of vessel subject to principles of unjust enrichment - Duty recoverable from Customs should be shown as current assets, once it is shown as fixed assets duty stands passed on - When vessel is used for providing services with profit motive incidence of duty passed on indirectly through sale of service - Revenue's application for stay of refund order allowed : MUMBAI CESTAT
Arbind Aggarwal
Published in Custom
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