SC Upholds Raised Monetary Limits: Dismisses Customs Appeal by Revenue

Commissioner Of Customs Vs Godavari Drugs Ltd. (Supreme Court of India) Introduction: The recent Supreme Court judgment in the case of Commissioner of Customs vs. Godavari Drugs Ltd. has significant implications for appeal cases, particularly in matters related to indirect taxes and customs. This legal development is a result of the Circular dated 02.11.2023 issued by the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes & Customs (CBIC), which raised the monetary limit for cases before the Supreme Court to Rs.2 Crores. Detailed Analysis: Shri Arijit Prasad, the l...