2001 (10) TMI 116

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....ition Nos. 1215 of 1979 and 774 of 1979 [1985 (22) E.L.T. 644 (Bom.)] respectively contending inter alia that on the date when the goods were bonded, the goods were exempt under Notification dated 2-8-1976, though the exemption was later on withdrawn on 1-3-1979. The issue was what the relevant date for levy of duty - date of bonding or date when the bill of entry is presented or the date when the....

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....]. Both the appeals were allowed by the Supreme Court. It was held that the relevant date for levy of duty is when the bill of entry is presented or the date when the goods were removed from the bonded warehouse. The Full Bench decision was overruled. Pursuant to the decision of the Supreme Court the demand notices have been served upon the petitioners. 3. The learned Counsel for the petitioner....