https://www.taxtmi.com/caselaws?id=407166 The Madras HC discussed two connected issues in customs and insolvency law. It held that an amended customs notification enhancing basic customs duty operated from 17.09.2015, when it was published in the Official Gazette and on the departmental website; later physical sale of printed copies did not delay its effect. On insolvency, it noted that statutory customs dues are sovereign in nature, but applied the Supreme Court's ruling in Ghanashyam Mishra to recognise that approved resolution plans can extinguish claims not included in the plan. The customs claim was therefore left for clarification on whether it had been covered by the resolution plan. en-us Mon, 26 Apr 2021 00:00:00 +0530 Thu, 21 Oct 2021 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407166 The Madras HC discussed two connected issues in customs and insolvency law. It held that an amended customs notification enhancing basic customs duty operated from 17.09.2015, when it was published in the Official Gazette and on the departmental website; later physical sale of printed copies did not delay its effect. On insolvency, it noted that statutory customs dues are sovereign in nature, but applied the Supreme Court's ruling in Ghanashyam Mishra to recognise that approved resolution plans can extinguish claims not included in the plan. The customs claim was therefore left for clarification on whether it had been covered by the resolution plan. Case-Laws Customs Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407166