Supreme Court of India
M/s Bilag Industries P. Ltd. & Anr. v. Commr. of Cen. Exc. Daman & Anr.
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What the Court ordered
In view of the foregoing discussion, it has to be concluded that the revenue’s decision in rejecting the value at which the good s were 7 (2003) 1 SCC 142 M/S BILAG INDUSTRIES P. LTD. v.
Judgment, page 12
From the headnote
Central Tariff Act, 1985 – s. 4(4)(c) – In BIL, AgrEvo SA held 51% of the share capital initially (which was incre ased to 74% subsequently) and it continued to hold more than 51% – BIL thus became a subsidiary of AgrEvo SA – AgrEvo SA held 100% shares in Aventis CropScience (India) Ltd – Therefore, both BIL and Av entis CropScience (India) Ltd. became subsidiaries of Agr Evo SA (the name of which was changed to Aventis Crop Science S around March 2000) during the relevant period – The dispute in this case arose as regards value of Esbiothrin – BIL was sell ing its manufactured products to
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