Rate of duty/ exemption prevailing at time of filing ex-bond bill of entry is available

Essar Power Gujarat Ltd Vs C.C.-Jamnagar (prev) (CESTAT Ahmedabad)

CESTAT Ahmedabad held that the assessment in real sense takes place at the time of ex-bonding of the warehouse goods. Therefore, the effect of rate of duty, any exemption notification prevailing at the time of filing the ex-bond bill of entry shall be applicable and not the one which is applicable at the of in-bonding of the good.

Facts- The appellant has set up a 1200 Megawatt Thermal Power Plant at Salaya

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