https://www.taxtmi.com/caselaws?id=43543 The Court allowed the writ application in favor of the importing company, directing the assessment of imported goods based on the rate of exchange on the date of Bill of Entry presentation. The Court emphasized the importance of the expected arrival date of the vessel within a week of presentation, rather than the actual arrival date, in determining the applicable rate of exchange under the Customs Act, 1962. The goods were released to the petitioner upon payment of assessed dues and providing a bank guarantee for the rate difference, with the respondent authorities ordered to discharge and return the bank guarantee. en-us Wed, 21 Apr 1993 00:00:00 +0530 Fri, 18 Jun 2010 16:28:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43543 The Court allowed the writ application in favor of the importing company, directing the assessment of imported goods based on the rate of exchange on the date of Bill of Entry presentation. The Court emphasized the importance of the expected arrival date of the vessel within a week of presentation, rather than the actual arrival date, in determining the applicable rate of exchange under the Customs Act, 1962. The goods were released to the petitioner upon payment of assessed dues and providing a bank guarantee for the rate difference, with the respondent authorities ordered to discharge and return the bank guarantee. Case-Laws Customs Wed, 21 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43543