M/S. ASSOCIATED CEMENT COMPANIES LTD. vs COMNR. OF CUSTOMS

The Supreme Court upheld the Customs, Excise and Gold (Control) Appellate Tribunal's decision that drawings and designs related to machinery or industrial technology are subject to customs duty based on their transaction value at the time of import, as per the Customs Act. The Court clarified that the nominal value declared by the appellants was not acceptable, emphasizing that the actual value of such goods must be assessed for duty purposes. The appeals were dismissed, affirming the Tribunal's ruling on the matter.