https://www.taxtmi.com/caselaws?id=41410 The court allowed the writ petition, quashing the first respondent's order and directing the refund of excess customs duty paid by the petitioner. The court held that the imported goods should be classified as "strips" under Item No. 63(14) of the Indian Customs Tariff, entitling them to a concessional duty rate of 10% ad valorem. The court emphasized interpreting trade terms based on popular commercial understanding and favored the definitions provided by the Indian Standards Institution over those in Brussel's Tariff Nomenclature. en-us Mon, 16 Nov 1981 00:00:00 +0530 Thu, 03 Jun 2010 10:01:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41410 The court allowed the writ petition, quashing the first respondent's order and directing the refund of excess customs duty paid by the petitioner. The court held that the imported goods should be classified as "strips" under Item No. 63(14) of the Indian Customs Tariff, entitling them to a concessional duty rate of 10% ad valorem. The court emphasized interpreting trade terms based on popular commercial understanding and favored the definitions provided by the Indian Standards Institution over those in Brussel's Tariff Nomenclature. Case-Laws Customs Mon, 16 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41410