1990 (8) TMI 165 - HC - Customs

Summary

The High Court of Judicature at Madras ruled in favor of the petitioners, classifying valve steel under Clause 1 of 73.15 of the Customs Tariff instead of Clause 2. The Collector of Madras accepted the petitioners' contention that valve steel is distinct from stainless steel. The court directed the classification under 73.15(1) and ordered a refund of duty to the petitioners. No costs were awarded, and bank guarantees provided by the petitioners will be discharged.