2023 (4) TMI 784

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....ntative ) for the Respondent ORDER RAJU This appeal has been filed by M/s. Jindal Saw Ltd., against demand of customs duty. 2. Learned Counsel for the appellant pointed out that they had warehoused the goods under Section 46 of Customs Act and later cleared the same from the warehouse for domestic consumption on payment of duty under Section 68 of Customs Act. The Department is seeking to de....

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....tute applicable at the time of import. 3. Learned AR relied on the impugned order. 4. We have considered the rival submissions. The sole issue is if currency exchange rate applicable to imports will be the rate prevalent at the time bill of entry is filed or the rate prevalent when Ex-bond bill of entry is filed. We find that the impugned order relies on para 12 and 13 of the order in original t....

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....ng of ex-bond B/E. On 26- 7-04, by a corrigendum, the above Public Notice was corrected to the effect that the relevant exchange rate for such ex- bond Bills of Entry will be the rate as on the Warehousing Bills of Entry, in line with the law. 2.......... 3.......... 4. In this case, the Bill of Entry was filed by the assessee on 22-1-2004 for Warehousing. The proviso to Section 14 mandat....