1993 (6) TMI 64 - HC - Customs

Summary

The petitioners imported ferro nickel and claimed total exemption from Customs duty. The exemption was rescinded after the goods were imported. The Collector demanded duty, but the petitioners challenged it. The High Court ruled in favor of the petitioners based on a previous Full Bench decision. The petition succeeded, and the petitioners were allowed to clear the goods without duty payment, with the bond and Bank guarantee discharged after payment of landing charges. No costs were awarded.