Commissioner Of Customs, New Delhi vs M/S. Parasrampuria Synthetics Ltd

The Supreme Court addressed the applicability of Notification No. 25/95 regarding the exemption of customs duty on imported goods, specifically printed drawings, designs, and plans under a Foreign Transfer of Technology Agreement. The Court held that the imported materials qualified as 'printed books' under Sl. No. 10 of the Notification, thus attracting a 'Nil' rate of duty, contrary to the Revenue's classification under Sl. No. 15 which imposed a 10% duty. The penalties imposed by the Commissioner of Customs were reversed, affirming the Tribunal's decision.