Mere Anchoring Of A Vessel For Repair Does Not Constitute Taxable Import: SC [Read Judgment]

For deciding the question whether the rig was imported into India, the requirement of home consumption has to be satisfied, the bench said.The Supreme Court, in Commissioner Of Customs, Mumbai Vs M/S Aban Loyd Chiles Offshore Ltd, has held that mere repair of a vessel is not putting the vessel to use in India and would not result in home consumption, so as to constitute a taxable import.A...