M. JHANGIR BHATUSHA ETC. ETC. vs UNION OF INDIA & ORS. ETC. ETC.

The Supreme Court upheld the differential treatment in customs duty under Section 25(2) of the Customs Act, 1962, allowing the State Trading Corporation to import edible oils at a concessional rate while denying similar benefits to private importers. The Court ruled that the Central Government's power under Section 25(2) is exercised at its subjective satisfaction and that the exemption order was justified in light of high international prices of vegetable oils. The appeals and writ petitions by private importers were dismissed, affirming the legality of the exemption granted to the State Trading Corporation.