Case Law Details
Case Name : M/s GMR Energy Ltd. Vs Commissioner of Customs (Supreme Court of India)
Appeal Number : Civil Appeal No. 4920 of 2007 and Civil Appeal No. 3594 of 2008
Date of Judgement/Order : 27/10/2015
Related Assessment Year :
Courts :
Supreme Court of India
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Brief of the Case
In the Case of M/s GMR Energy Ltd vs. Commissioner of Customs, Bangalore, Hon’ble Supreme Court while dealing with the appeal of the assessee and of the revenue held that Rules 4 and 9 of the Custom Valuation Rules, 1988 would only apply in case imported goods are “sold” for export to India. It is clear under the terms of LTAPSA that parts are to be replaced without any further charge after a certain number of hours of the running of the power plant. There is no sale in the present case
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This case is 5 months back now and is a very significant judgment of SC. Humble request to please post this landmark judgments on early basis. You are doing a brilliant work