Bombay HC Quashes Customs Duty Reassessment for Patanjali Foods

Patanjali Foods Ltd. Vs Union of India (Bombay High Court) In a significant legal development, the Bombay High Court recently ruled on a dispute involving Patanjali Foods Ltd. and the Union of India concerning the reassessment of customs duty on imported crude palm oil. The case centered on the applicability of revised tariff values after the goods were cleared under Section 68 of the Customs Act, 1962. Patanjali Foods imported crude palm oil in bulk from Just Oil & Grain Pte. Ltd., Singapore, under multiple contracts in early 2021. The imports were covered by Warehouse Bills of Entry and ...