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2015 (9) TMI 165 - HC - CustomsClassification 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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