https://www.taxtmi.com/caselaws?id=357546 An arbitral award rejecting reimbursement of CVD and SAD on imported tunnel boring machines was upheld because the contract was on an all-inclusive price basis and barred extra payment beyond the quoted rates unless expressly provided. No contractual clause entitled the claimant to recover additional customs duties, and the later levy of CVD and SAD was treated as part of the contractual risk allocation. The challenge also failed on delay, and the Court reiterated that interference under Section 34 is limited to narrow grounds such as patent illegality, perversity, or violation of public policy. The award therefore called for no interference. en-us Tue, 20 Mar 2018 00:00:00 +0530 Sat, 24 Mar 2018 08:41:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357546 An arbitral award rejecting reimbursement of CVD and SAD on imported tunnel boring machines was upheld because the contract was on an all-inclusive price basis and barred extra payment beyond the quoted rates unless expressly provided. No contractual clause entitled the claimant to recover additional customs duties, and the later levy of CVD and SAD was treated as part of the contractual risk allocation. The challenge also failed on delay, and the Court reiterated that interference under Section 34 is limited to narrow grounds such as patent illegality, perversity, or violation of public policy. The award therefore called for no interference. Case-Laws Indian Laws Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357546