SC backs camera makers Nikon, Samsung
The Hindu
The Supreme Court on Tuesday handed multinationals Nikon, Canon, Sony and Samsung a major relief when it quashed an order of the Central Excise and Service Tax Appellate Tribunal (CESTAT) and upheld an exemption given to the companies from paying basic customs duty for import of their digital still image video cameras.
The exemption from paying duty charges was on the basis of a 2005 notification, which was amended in 2012.
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