Supreme Court of India

Commissioner of Customs, Calcutta Etc. Etc. v. M/s. Indian Oil Corporation Ltd. and Anr.

Neutral citation
Reported as [2004] 2 S.C.R. 511
Decided 17 February 2004

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.

3 Supreme Court benches have cited this judgment.

What the Court ordered

Before parting, I would like to point out that the basis on which the circulars of the Central Board are placed on a high pedestal seems to have its origin in Navnit Lal's case AIR (1965) SC 1375.

Judgment, page 16

From the headnote

Customs J!.ct, 1962-Sections 46 and 151- /Circular dated 14.8.1991 issued by the Central Board of Excise & Customs: Import of petroleum products and Crude Oil by the assessee-Clearance of goods upon payment. of customs duty thereto-Show cause notice on grounds of misdeclaring value of the goods and suppressing the facts regarding payment of demurrage charges-Revenue confirming extra duty after adding demurrage charges in the value of the goods-Appeals rejected by the Appellate Authority-- c On appeal, Tribunal held that in view of the Circular issued by the CBEC demurrage charges not

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