M/S.PHOENIX INT. LTD. vs COMMR.OF CUSTOMS,DIST.RAIGAD,MAHARASHTRA

The Supreme Court addressed the classification of imported goods under the Customs Act, 1962, specifically under Section 111(m) and Section 112(a). The Court held that the imported printed PVC, although initially claimed as PVC Leather Cloth, was correctly classified as shoe uppers due to its identifiable characteristics after examination. The Court upheld the Tribunal's decision to reduce the penalty but affirmed the classification and the imposition of a fine, confirming the application of Notification No. 79/95-Cus. dated 31.3.95 in the context of the Value Based Advance Licence (VBAL).