1991 (7) TMI 370

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....nstitution of India. In some of the cases an additional ground taken is that the duty should be charged which was applicable on the date when the goods entered the territorial waters of India and not the duty which may be applicable on the date of filing of bill of lading. Both the above points are now covered by the decisions of a Constitution Bench of this Court in M. Jhangir Bhatusha Etc. Etc. v. Union of India and Ors. etc etc. and Bharat Surfactants (Pvt.) Ltd. and Anr. v. Union of India and Anr. 1989(3) SCR 307. The learned Counsel for the petitioners tried to distinguish M.J. Bhatusha's case by referring the following observations in this case: It is true that the State dons robes of a trader when it enters the field of commerci....

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....at the prices prevailing then even if no import duty is charged on the 75,000 tonnes of aluminium and it would be much higher if duty is charged on the same. The Corporation also pointed out that whereas the amount payable to the Corporation from the Aluminium Regulation Account to neutralise the loss would be about rupees 18 crores, the actual amount available in the said account for disbursement to the Corporation could be approximately rupees 4 crores only. Therefore, the Corporation requested the Union Government to consider the arrangements to be made to reimburse at least rupees 18 crores to the Corporation on account of the import of aluminium to be undertaken by the Corporation on the direction of the Government of India. After taki....