Wazir Chand And Co. Pvt. Ltd. vs Commissioner Of Customs, New Delhi

The Supreme Court, in this case under Section 130-E of the Customs Act, 1962, upheld the demand for customs duty of Rs. 9,34,514 along with interest and a penalty of Rs. 40,000. The court established that the appellant failed to fulfill the export obligation as per the conditions of the import license and relevant notifications, specifically conditions (f) and (g) of notification No. 117/88-Cus. The court affirmed the lower authority's decision, emphasizing the necessity of adhering to the stipulated conditions for duty exemption.