https://www.taxtmi.com/caselaws?id=100361 For customs valuation and duty purposes, the decisive date is the date of presentation of the Bill of Entry under Sections 14, 15 and 46 of the Customs Act. Prior seizure of the goods does not by itself extinguish the importer's title or prevent presentation of the Bill of Entry, so the importer remains entitled to the exchange rate and duty rate prevailing on that date. The position would differ only where the goods have been confiscated and the redemption period has expired; on the stated facts, the favourable rate was held admissible and consequential relief followed. en-us Thu, 02 Aug 2001 00:00:00 +0530 Wed, 01 Feb 2012 11:31:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100361 For customs valuation and duty purposes, the decisive date is the date of presentation of the Bill of Entry under Sections 14, 15 and 46 of the Customs Act. Prior seizure of the goods does not by itself extinguish the importer's title or prevent presentation of the Bill of Entry, so the importer remains entitled to the exchange rate and duty rate prevailing on that date. The position would differ only where the goods have been confiscated and the redemption period has expired; on the stated facts, the favourable rate was held admissible and consequential relief followed. Case-Laws Customs Thu, 02 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100361