INDUSTRIAL DEV.BANK OF INDIA THROUGH STRESSED ASSETS STABILISATION FUND CONSTITUTED BY THE GOVT. OF vs. SUPERINTENDENT OF CENTRAL EXCISE AND CUSTOMS
Appeal is allowed and the impugned judgment dated 26th
C.A. No.-002568-002568 - 2013Supreme Court18 Aug 2023
Bench: HON'BLE THE CHIEF JUSTICE
Section 142Section 447Section 456Section 468Section 47Section 529ASection 59(1)Section 72Section 72(2)
68 of the Customs Act stand
fulfilled and the imported goods are cleared for home
consumption. In the context of the present case, we must hold that
the debt had become ‘due’ in terms of the two adjudication orders
dated 15th September 2000 and 10th October 2000 and ‘payable’
immediately. Thus, the customs duty became ‘due and payable’
prior