J.K. STEEL LTD. vs UNION OF INDIA

The Supreme Court addressed the applicability of excise duty under the Central Excise and Salt Act, 1944, specifically item 26AA, and the Indian Tariff Act, 1934, entry 63(36). The Court held that the excise duty on steel wires manufactured from imported steel rods is leviable, and the appellant's challenge to the demand for additional duty under rule 9(2) was dismissed as the duty was correctly assessed under the relevant provisions. The Court clarified that the wrong rule mentioned did not prejudice the assessee, affirming the legality of the duty imposed.