2002 (8) TMI 608

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....R.K. Pardeshi, DR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - The appellant filed an into bill of entry in respect of a consignment of cold roll steel sheets imported by it. The department noted that the value declared of these goods of US $ 345 per ton C & F after adding the insurance premium of Rs. 4,465/- paid for the goods, the C & F value of the consignment was lower....

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....ditions of notification issued by Department of Revenue. Any person may import goods except prohibited items, arms and ammunition and hazardous waste and chemicals and warehouse them in such private bonded warehouses. Such goods may be cleared for home consumption in accordance with the provisions of this Policy and against Licence, wherever required. Customs duty as applicable shall be paid at th....

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....orted, shipped or arrived not from the customs may be cleared from Customs on a licence issued subsequently. The applicant had produced an advance import licence subsequent to and permitted to be cleared without payment of duty. He says the goods did not constitute prohibited goods and there was no warrant for fine or penalty. 4. The provisions of these paragraphs of the Policy support the....