Supreme Court Upholds the Department of Custom’s Order of Duty Demand of worth Rs. 40 Crore Against M/S Pernod Ricard India Private Limited

Customs – 2010 TMI – 77364 – SUPREME COURT OF INDIA – PERNOD RICARD INDIA (P.) LTD. VS COMMISSIONER OF CUSTOMS, ICD In a significant case relating to Customs Valuation, a recent judgement dated 26.07.2010 of the Honorable Supreme Court has confirmed the duty demand against a leading importer of Whiskeys, M/s Pernod  Ricard India Private Limited (earlier known as Seagram India Private Limited). The case pertains to imports between 1994 and 2001 involving duty evasion of about Rs 40 Crores. M/s Seagram would thus have to deposit this entire amount now. But this is only t...