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2015 (9) TMI 165 - BOMBAY HIGH COURTClassification of grade of steel imported and exported Cancellation of redemption certificate Petitioner submitted that in view of communication of Norms Committee, it makes no difference whether actual import was of Non-Alloy or of Alloy Steel HR Coils/Plates so long as grade of steel of exported pipes is same as that of imported HR Coils/Plates However, in spite of above direct Addl. DGFT, in impugned order cancelled Redemption Certificates abinitio and imposed fiscal penalty equivalent to value of duty exemption availed against Advance Authorizations Held that:- 'grade' of steel exported (such as API) has to be compared with 'grade' of steel imported by petitioner to ensure compliance with directions of Norms Committee This has admittedly not been done Therefore fit case for granting interim stay against operation and implementation of order of Additional DGFT Said interim order shall not come in way of respondent authority considering alloy and non-alloy, are not be treated as grades Interim stay granted in favour of Assesse.
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