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of <h1>Customs Duty Petition Dismissed for Polyester Fiber Classification, Payment Required with Interest</h1> The High Court of Bombay dismissed writ petitions on customs duty exemption for polyester staple fiber, categorizing it as 'polyester fiber.' Petitioners ... Exemption Notification - Interpretation of The High Court of Bombay dismissed a bunch of writ petitions regarding customs duty exemption for polyester staple fiber, ruling that it falls under the category of 'polyester fiber.' The petitioners were ordered to pay the amounts due with interest at 12% per annum, and the bank guarantees given by them could be encashed. No costs were awarded. (Citation: 1991 (7) TMI 105 - HIGH COURT OF JUDICATURE AT BOMBAY)
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