Supreme Court Judgment – M.P. Steel Corporation vs Commissioner of Central Excise

IN THE SUPREME COURT OF INDIA
CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NO.4367 OF 2004
MP STEEL CORPORATION …APPELLANT
VERSUS
COMMISSIONER OF CENTRAL EXCISE …RESPONDENT

Facts briefly stated are that the respondent filed a Bill of Entry in respect of ship M.V. Olinda imported by them for purposes of breaking. The respondent showed the light displacement tonnage (LDT) as 7009 metric tons. This declaration was not accepted by the Superintendent of Customs and Central Excise. The respondent, thus, approached the Assistant Collector. The question was how LDT was to calculated…Read More