https://www.taxtmi.com/caselaws?id=43973 The court allowed the writ petition partially, setting aside the levy of Rs. 3,49,056/- due to the incorrect exchange rate application. However, the petitioner's liability for additional or countervailing duty was upheld, rejecting claims based on the Finance Minister's Budget speech. The court deemed the Bill of Entry valid from the presentation date, emphasizing the importance of the actual submission date over completeness. Promissory estoppel based on the Budget speech was dismissed as insufficient grounds to avoid duty liability. en-us Thu, 27 Oct 1994 00:00:00 +0530 Tue, 22 Jun 2010 11:51:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43973 The court allowed the writ petition partially, setting aside the levy of Rs. 3,49,056/- due to the incorrect exchange rate application. However, the petitioner's liability for additional or countervailing duty was upheld, rejecting claims based on the Finance Minister's Budget speech. The court deemed the Bill of Entry valid from the presentation date, emphasizing the importance of the actual submission date over completeness. Promissory estoppel based on the Budget speech was dismissed as insufficient grounds to avoid duty liability. Case-Laws Customs Thu, 27 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43973