Supreme Court dismisses appeal on duty & penalty for depreciated goods, leaves legal questions open

The Supreme Court dismissed the civil appeal by M/s. Khabros Steel (India) Ltd. regarding duty and penalty payment on depreciated capital goods. The Court declined to interfere with the judgment but left legal questions open for future consideration.

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The Supreme Court of India in 2018 (7) TMI 1571 - SC Order, dismissed the civil appeal regarding M/s. Khabros Steel (India) Ltd., which has been closed since 1993. The respondent paid duty and penalty on the depreciated value of capital goods. The Court decided not to interfere with the impugned judgment, but kept the questions of law open.

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