Exchange rate applicable will be rate on date the warehousing bill of entry was filed for putting goods in bond

Jindal Saw Ltd  Vs C.C.E. & S.T.-Rajkot (CESTAT Ahmedabad) The sole issue is if currency exchange rate applicable to imports will be the rate prevalent at the time bill of entry is filed or the rate prevalent when Ex-bond bill of entry is filed. CESTAT held the exchange rate applicable will be the rate on the date the warehousing bill of entry was filed for putting goods in bond. FULL TEXT OF THE CESTAT AHMEDABAD ORDER This appeal has been filed by M/s. Jindal Saw Ltd., against demand of customs duty. 2. Learned Counsel for the appellant pointed out that they had warehoused the goods und...