Supreme Court Customs Act | Importer s Subsequent Import Bill Be Discarded If Undervalued To Previously Imported Identical Or Similar Goods: Supreme Court Case Title: M/s Global.
Pursuant to the company s failure to set up the copper smelter plant as per the agreed schedule of three years, the MIDC after more than 20 years in 2014 had issued notices of termination of its land lease agreements. However, the company alleged that it could not construct for reasons beyond control, i.e. because of a prohibitory order issued by the state government on construction and also due to a local agitation.
The revenue department had claimed that since JSW had received services from the monitoring committee, it was liable to pay service tax under the reverse charge mechanism.