1986 (8) TMI 78

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..... em No. 73.15(1) and not under Tariff Item No. 73.15(2) as assessed by the Customs authorities. The Customs authorities levied assessment on the basis that the imported consignment was of stainless steel. Paragraph 219(2) (v) of Chapter 21 of the Import and Export Policy for April, 1982 to March 1983, inter alia, states: "An exception to this is tool/die steel with about 12% chromium and about 2% .....

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..... ance from warehouse. In view of the agreement reached between the parties, the Assistant Collector of Customs will pass fresh adjudication order within a period of four weeks from today. 4. Rule is made absolute accordingly. In the circumstances of the case, there will be no order as to costs. The Bank guarantee furnished by the petitioners in pursuance of the interim order passed in this petiti .....

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