COLLECTOR OF CUSTOMS, BOMBAY vs SHIBANI ENGG.SYSTEMS, BOMBAY

The Supreme Court addressed the classification of imported goods under the Customs Tariff Act, 1975, specifically under entry 8482.99 and Exemption Notification No.70/89. The Court upheld the Customs Excise & Gold (Control) Appellate Tribunal's finding that cups and cones of roller bearings are distinct components, thus qualifying for the same duty rate as roller bearings. The Court affirmed the Tribunal's decision, rejecting the Collector's valuation and classification, leading to a favorable outcome for the respondents.