1986 (7) TMI 116

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n of India, the petitioners are complaining about the levy of custom duty and additional duty in respect of import of stainless/steel ingots/billets and the complaint is based upon the advantage conferred by notification dated July 15, 1977 exempting the import from payment of custom duty. it is not necessary to set out the facts in detail as by mentioning only a few dates, it would be clear that ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l Mills who were quota-holders for import of stainless steel Ingots/billets. The price was determined by the contract. The quota-holder entered into an agreement with the petitioners and the petitioners opened letter of credit on December 30, 1981. The goods were shipped on February 7, 1982 by the foreign vendors and the goods arrived in Bombay on April, 13, 1982. The petitioners were directed to ....