https://www.taxtmi.com/caselaws?id=288066 The Supreme Court held that countervailing duty is chargeable at the rate prevailing on the date of actual import into the State, not at the rate at the time of permit issuance. The Court emphasized that countervailing duty is imposed at the time of import to counterbalance excise duty on similar goods manufactured within the State. The appellant's argument that duty should be based on the rate at the time of permit issuance was rejected, and the demand for the differential amount of duty was deemed justified. The Court affirmed the High Court's decision to dismiss the writ petition challenging the duty demand, ultimately dismissing the appeal. en-us Thu, 07 Dec 2000 00:00:00 +0530 Sat, 16 May 2020 13:42:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288066 The Supreme Court held that countervailing duty is chargeable at the rate prevailing on the date of actual import into the State, not at the rate at the time of permit issuance. The Court emphasized that countervailing duty is imposed at the time of import to counterbalance excise duty on similar goods manufactured within the State. The appellant's argument that duty should be based on the rate at the time of permit issuance was rejected, and the demand for the differential amount of duty was deemed justified. The Court affirmed the High Court's decision to dismiss the writ petition challenging the duty demand, ultimately dismissing the appeal. Case-Laws Indian Laws Thu, 07 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288066