1996 (2) TMI 144 - SC - Customs

Summary

The Supreme Court allowed the appeal against the Bombay High Court judgment in a customs duty refund case involving P.V.C. resin import. The High Court had granted the refund, but the Supreme Court held that the respondent was not entitled to full exemption under an earlier notification as they opened letters of credit after a subsequent notification limiting the exemption. The Supreme Court set aside the High Court judgment, following a previous decision on similar notifications. No costs were awarded.