1989 (1) TMI 136

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..... d by Item No. 3 in exemption notification dated March 1, 1987 issued under sub-section (1) of Section 25 of the Customs Act and in notification issued under sub-rule (1) of Rule 8 of the Central Excise Rules in respect of countervailing duty. Shri Jayakar, learned Counsel appearing on behalf of the petitioners, submitted that the various consignments were imported and were deposited in the warehou .....

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..... re entitled to exemption. prima facie it is not possible to accept the submission as even after April 1986 the consignments were cleared on the basis that the goods are entitled to exemption. 2. In these circumstances the best course would be to permit the petitioners to clear the consignments on payment of basic and countervailing duty at the rate of 20% ad valorem each on assumption that the e .....

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..... rthwith clear the goods on payment of basic and countervailing duty arrived at the rate of 20% ad valorem each. On such clearance the petitioners shall furnish bond in favour of respondent No. 2 for the differential duty calculated between 20% and 100% ad valorem. It is open for the respondents to serve show cuase notice within eight weeks upon the petitioners to show cause why ad valorem duty sho .....

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