2003 (5) TMI 365 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai allowed the appeal by NYK Bearings Ltd. regarding the duty rate applicable on imported components of ball bearings. The Tribunal ruled that the duty rate applicable was the revised rate as per Notification 72/96 issued on 12-9-1996, not the earlier rate. The Commissioner (Appeals) decision was set aside, and the Assistant Commissioner's order was restored.