https://www.taxtmi.com/caselaws?id=377129 The Tribunal dismissed the appeal regarding the import of textile machinery under the EPCG scheme. The dispute arose when the duty rate was lowered after assessment, leading to a claim for refund. The Tribunal held that the duty rate applicable is determined as of the bill of entry presentation date, emphasizing the Customs Act's provisions over policy considerations. As the revised lower duty rate was not operational at the time of assessment, the appeal was dismissed, highlighting the importance of adhering to statutory provisions in duty rate determination on imports under the Customs Act. en-us Wed, 20 Mar 2019 00:00:00 +0530 Fri, 21 Feb 2020 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377129 The Tribunal dismissed the appeal regarding the import of textile machinery under the EPCG scheme. The dispute arose when the duty rate was lowered after assessment, leading to a claim for refund. The Tribunal held that the duty rate applicable is determined as of the bill of entry presentation date, emphasizing the Customs Act's provisions over policy considerations. As the revised lower duty rate was not operational at the time of assessment, the appeal was dismissed, highlighting the importance of adhering to statutory provisions in duty rate determination on imports under the Customs Act. Case-Laws Customs Wed, 20 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377129