Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Customs - Highlights / Catch Notes

Home Highlights April 2024 Year 2024 This

Import of hot rolled steel plates and steel sheets - Fixing of ...

Case Laws     Customs

April 3, 2024

Import of hot rolled steel plates and steel sheets - Fixing of minimum import price - The petitioner argues that they applied for registration within the stipulated timeframe of 15 days, as required by paragraph 1.05(b) of the Foreign Trade Policy, despite a delay in actual registration. - Despite a delay in registration, the court finds that the petitioner acted in accordance with the Foreign Trade Policy by submitting the letter of credit within the required timeframe. The court emphasizes that the petitioner's compliance with the policy's spirit should be considered. - Matter restored back.

View Source

 


 

You may also like:

  1. Manufacture - entitle for cenvat credit - process of cutting/ slitting of cold rolled or hot rolled stainless steel coils/ plates of various length, width and thickness...

  2. Valuation of imported goods - hot rolled steel plates (non-alloy) - Such excess undervaluation, as alleged, should have been subject to serious investigation and...

  3. Valuation of imported goods - Hot Rolled Coils (HR Coils) - Merely because the assessee failed to submit any payment certificate or Bill of Exchange, the Assessing...

  4. Imports of Hot Rolled Flat Products of Stainless Steel - 304 grade (upto a maximum width of 1605 mm) and encompassing all austenitic grades having minimum Nickel (Ni)...

  5. Goods whether seconds/ defective or not - Import of Non-alloy Hot-rolled Cut Steel Sheets - ‘nil' basic customs duty - It does not appeal to common sense or logic that...

  6. Rerolling process of the hot roll flat bars - if a hot rolled product has been subjected to very light cold rolling process known as skin pass or pinch pass without...

  7. Classification of imported goods - The test result clearly states that these are not pure tin or tin plates but they are tin coated sheets with few visible imperfections....

  8. Misdeclaration of value of imported goods - goods imported was primarily steel plates of prime quality but was misdeclared as Heavy Melting Scrap - Confiscation and...

  9. The case pertains to the import of restricted goods, specifically marbles and mosaics, under the Import Policy at a value lower than the Minimum Import Price notified by...

  10. Supply in the nature of sales or works contract - Merely because in the contract for laying down pipelines, a particular quality and / or thickness of the steel plates...

  11. Valuation - import of import of tin plate waste - merely because floor price has been fixed under ITC Policy, the value of goods cannot be enhanced - AT

  12. Cenvat credit - PMP Plates, Hot Strip, Mill Plates, MS Plates, HR Plates, H.R. Sheet - activity of repair and maintenance of plant and machinery is an activity which has...

  13. The case pertains to the classification of imported goods such as binding material, parts for brake, disc brake pads, tool for mould, etc. under the Customs Tariff...

  14. The issue pertained to the categorization of galvanized iron sheets under the Central Sales Tax (CST) Act and the Andhra Pradesh Value Added Tax (VAT) Act. The Supreme...

  15. Redemption fine and penalty - There is indeed violation of Foreign Trade Policy that despite the minimum import price fixed by the DGFT, the appellant have imported the...

 

Quick Updates:Latest Updates