THE BOMBAY DYEING & MANUFACTURING CO. LTD. vs COLLECTOR OF CUSTOMS, BOMBAY.

The Supreme Court addressed the assessment of project imports under the Customs Tariff, specifically regarding the registration of contracts as per the Project Imports (Registration of Contract) Regulations, 1965. The Court held that the appellants' contract for importing capital goods for the production of Dimethyl Terephthalate (DMT) was validly registered, and the assessment under Heading 84.66 was applicable. The judgment clarified the procedural requirements for project imports and upheld the registration process as compliant with the relevant regulations.