2001 (8) TMI 733

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..... he Respondent. [Order per : Jyoti Balasundaram, Member (J)]. In this case the appellants are aggrieved by denial of extension of benefit of exchange rate or rate of duty prevailing on 16-11-1988 which is the date on which the Bill of Entry was filed/presented by them. The benefit has been denied holding as under : It is seen that tlie importers had presented Bills of Entry on 16-11-19 .....

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..... ry and it is immaterial whether presentation of Bill of Entry would enable them to get the release of the goods. The fact remains that title of the goods remained with the importers because the goods had only been seized. It would be a different matter if the goods had not only been seized but also confiscated, with option to redeem and the period for redemption has expired. In such a situation th .....

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