1993 (6) TMI 78 - HC - Customs

Summary

The petitioners, engaged in the business of exporting and importing man-made fibers, imported acrylic fiber and claimed a duty exemption based on a notification under the Central Excise Rules. The High Court held that the duty levied on imported acrylic fiber cannot be equated with the duty on domestically manufactured fiber, denying the petitioners' claim for relief. The petition was dismissed, and the rule was discharged with costs. The respondents were allowed to enforce the Bank guarantee along with interest.