Customs tariff classification dispute resolved under Heading 49.06, with duty held payable under Heading 98.03.

Classification of the imported goods under the Customs Tariff Act was resolved by applying the Supreme Court ruling in Commissioner of Customs, New Delhi v. Parasrampuria Synthetics Ltd. The Tribunal held that the goods fall under Heading 49.06 and that duty is attracted under Heading 98.03. The classification issue was decided against the assessee and in favour of Revenue, fixing the consequential duty liability on that basis.

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Issues: Classification of the goods under the Customs Tariff Act and the consequential liability to duty.

Analysis: The Tribunal answered the referred question in the light of the Supreme Court decision in Commissioner of Customs, New Delhi v. Parasrampuria Synthetics Ltd., holding that the goods in question fall under Heading 49.06 and that duty is attracted under Heading 98.03.

Conclusion: The classification issue was decided against the assessee and in favour of Revenue.

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