JAIN ENGINEERING CO. vs COLLECTOR OF CUSTOMS, BOMBAY

The Supreme Court held that Notification No. 281/Cus/76 applies to parts of internal combustion piston engines under Heading No. 84.06 of the Customs Tariff Act, 1975. The Court clarified that the term 'parts thereof' does not necessitate all parts of the engine, allowing for partial exemptions. It distinguished between bushes and bearings, ruling that they are separate entities, thus entitling the appellant to the exemption for rod bushes and camshaft bushes imported. The appeal was allowed, overturning the lower authorities' decisions.