PER : M. M. PARTHIBAN

This appeal has been filed by M/s GTN Engineering (India) Limited, Hyderabad (herein after, referred to, as ‘the appellants’, for short), assailing the Order-in-Original No. 29/SJ(29)/PCC(ADJN.)/MUMBAI/2023-24 dated 20.12.2023 (herein after, referred to as ‘the impugned order’) passed by the Principal Commissioner of Customs (Adjudication), Mumbai, Maharashtra.

2.1 The brief facts of the case are that the appellants inter alia, are engaged in the manufacture of ‘industrial valves and its components’ for export to various counties such as Singapore, USA, Canada, Gulf countries etc., for which they import raw materials such as forged body, springs, bearing, pad stud and other components under ‘Advance Authorisation’ scheme of the Foreign Trade Policy (FTP) on the basis of Advance Authorisation Licenses/Scrips issued by the Directorate General of Foreign Trade (DGFT). For this purpose, the appellants are holding the Import Export Code (IEC) No. 0903003953. During the period 24.10.2017 to 24.09.2018, the appellants had imported the said raw materials in 175 Bills of Entries (B/Es) by availing the import duty/IGST exemption benefit vide Notification No.18/2015-Custom