PRIYANKA OVERSEAS PVT. LTD. AND ANR. vs UNION OF INDIA AND ORS.

The Supreme Court addressed the import of Palm Kernel under the Customs Act, 1962, specifically Sections 26, 60, 68, and 112(a). The Court held that Palm Kernel is distinct from Palm seeds and can be imported under an Open General License (OGL), affirming the lower court's decision to allow clearance of goods upon payment of applicable duties as of the date of entry. The Court further clarified that the customs duty applicable at the time of arrival was 105%, which was later adjusted, and the appellant was entitled to delivery of the goods upon payment of the duty prevailing in October 1987.