https://www.taxtmi.com/caselaws?id=73721 Construction and legal effect of a letter of credit can raise a question of law where customs liability turns on the meaning of that document, and the validity of imports under a later import policy can also be a referable legal question when the imports were made during its currency. The majority treated both issues as properly referable under the Customs Act because the disputed imports depended on the legal effect of the letter of credit and the applicable import policy. One Member dissented, viewing the letter of credit issue as factual and not referable. The reference applications were allowed and the questions were referred to the High Court. en-us Mon, 03 Aug 1987 00:00:00 +0530 Fri, 03 Jun 2011 11:30:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73721 Construction and legal effect of a letter of credit can raise a question of law where customs liability turns on the meaning of that document, and the validity of imports under a later import policy can also be a referable legal question when the imports were made during its currency. The majority treated both issues as properly referable under the Customs Act because the disputed imports depended on the legal effect of the letter of credit and the applicable import policy. One Member dissented, viewing the letter of credit issue as factual and not referable. The reference applications were allowed and the questions were referred to the High Court. Case-Laws Customs Mon, 03 Aug 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73721