INDIAN ALUMINIUM CABLES LTD. vs UNION OF INDIA & ORS.

The Supreme Court held that Properzi Rods fall under Entry No. 27(a)(ii) of the First Schedule to the Act, which includes 'wire bars, wire rods and castings, not otherwise specified'. The Court emphasized that the interpretation of terms in tariff schedules should align with their understanding in trade, as per established principles. The appeal was dismissed, affirming the lower authorities' decisions that Properzi Rods are indeed classified as wire rods.