1992 (1) TMI 111 - HC - Customs

Summary

The High Court of Bombay allowed the writ petition filed by the petitioners who had imported alloy steel goods during a specific period. The court held that the petitioners were entitled to exemption from duty as per a previous notification and should not be burdened by a later notification. The court directed the discharge of the Bank Guarantee and stated that any refund claims would be adjudicated by the authorities in accordance with the law. The court did not find it necessary to give a specific direction for the return of the Bank Guarantee.