https://www.taxtmi.com/caselaws?id=46034 The Court ruled in favor of the Union of India, upholding the increased Customs duty rate of 125% on palm stearin post-notification issuance. The petitioners' argument that the duty increase did not apply to their goods was rejected. The Court emphasized the obligation to pay duty based on the notification date, not the entry into territorial waters, aligning with prior case law. Despite interim relief, the Court invoked principles of equity and directed the petitioners to repay any undue advantage gained. The writ petition was dismissed, and costs of Rs. 2,000 were imposed on the petitioners for failing to comply with legal duties and revenue obligations. en-us Wed, 29 Sep 1993 00:00:00 +0530 Thu, 15 Jul 2010 13:45:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46034 The Court ruled in favor of the Union of India, upholding the increased Customs duty rate of 125% on palm stearin post-notification issuance. The petitioners' argument that the duty increase did not apply to their goods was rejected. The Court emphasized the obligation to pay duty based on the notification date, not the entry into territorial waters, aligning with prior case law. Despite interim relief, the Court invoked principles of equity and directed the petitioners to repay any undue advantage gained. The writ petition was dismissed, and costs of Rs. 2,000 were imposed on the petitioners for failing to comply with legal duties and revenue obligations. Case-Laws Customs Wed, 29 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46034