https://www.taxtmi.com/caselaws?id=417054 The application by M/s. ELG India Pvt. Ltd. seeking a concessional duty rate for importing stainless-steel scrap was rejected as infructuous. The amendments to the relevant notifications rendered the original application obsolete, as duty rates changed from nil to 2.5% for all goods under Heading 7204 starting April 1, 2022. The presiding officer emphasized that advance rulings are based on existing laws and facts, not hypothetical scenarios, leading to the rejection of the applicant's request based on outdated provisions. en-us Mon, 24 May 2021 00:00:00 +0530 Thu, 13 Jan 2022 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417054 The application by M/s. ELG India Pvt. Ltd. seeking a concessional duty rate for importing stainless-steel scrap was rejected as infructuous. The amendments to the relevant notifications rendered the original application obsolete, as duty rates changed from nil to 2.5% for all goods under Heading 7204 starting April 1, 2022. The presiding officer emphasized that advance rulings are based on existing laws and facts, not hypothetical scenarios, leading to the rejection of the applicant's request based on outdated provisions. Case-Laws Customs Mon, 24 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417054