https://www.taxtmi.com/caselaws?id=84864 The Tribunal held that duty amount for imported goods should be calculated based on the rate of exchange on the date of presenting the Bill of Entry, in accordance with Sections 14, 15, and 46 of the Customs Act, 1962. The decision overturned the Collector (Appeals)'s ruling that relied on a Customs House Public Notice, emphasizing the importance of aligning duty rates with the law prevailing on the date of actual removal of warehoused goods. The Assistant Collector's issuance of a show cause notice for differential duty amount was upheld, setting aside the Collector (Appeals) order and allowing the Department's appeal. en-us Mon, 30 Oct 1995 00:00:00 +0530 Mon, 01 Aug 2011 12:06:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84864 The Tribunal held that duty amount for imported goods should be calculated based on the rate of exchange on the date of presenting the Bill of Entry, in accordance with Sections 14, 15, and 46 of the Customs Act, 1962. The decision overturned the Collector (Appeals)'s ruling that relied on a Customs House Public Notice, emphasizing the importance of aligning duty rates with the law prevailing on the date of actual removal of warehoused goods. The Assistant Collector's issuance of a show cause notice for differential duty amount was upheld, setting aside the Collector (Appeals) order and allowing the Department's appeal. Case-Laws Customs Mon, 30 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84864