M/S APOLLO TYRES LIMITED vs THE COLLECTOR OF CUSTOMS & ANR.

The Supreme Court addressed the appeal against the Customs, Excise and Gold (Control) Appellate Tribunal's decision, which had set aside the Central Board of Excise & Customs' order and restored the Collector of Customs' order with a modified penalty. The case involved the procurement of equipment for a tyre manufacturing plant under an agreement with General Tyre International Company, which included specific provisions for procurement services and payment terms. The Court upheld the Tribunal's decision, emphasizing the importance of compliance with the procurement agreement and the associated customs regulations.