Supreme Court of India

Living Media India Ltd. and Anr. Etc. v. Union of India and Ors.

Neutral citation
Reported as [1998] SUPP. 2 S.C.R. 436
Bench K. Venkataswami Ands. Rajendra Babu J.
Decided 28 October 1998

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

Customs Act, 1962: S. 25(1)-Customs duty-Refund of-Interest on amount refundable- 'Glazed newsprint '-Used in news magazines-Notification No. 49189 Customs dated I. 3. I 989-Levying customs duty on 'glazed newsprint' imported/cleared at 30% ad valorem-Settlement between parties to bring down the levy to I 5r-Held, in view of the admitted position that cost of news magazines exceeds sale price and loss is compensated by earning from advertisements, which has no bearing o~ refund of duty, petitioners entitled to refund of excess duty recovered-However, petitioners not entitled to interest on

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