COMMNR. OF CUSTOMS, KOLKATA vs M/S. RUPA & CO. LTD.

The Supreme Court addressed appeals concerning the exemption from customs duty under Notification No. 29/97-Cus, issued under Section 25 of the Customs Act, 1962. The Court held that manufacturers of textile garments are entitled to the exemption provided they comply with the conditions set forth in the notification, including the requirement of installation and use of capital goods within a specified timeframe. The judgment clarified the interpretation of 'capital goods' and the obligations of importers under the Export Promotion Capital Goods Scheme, affirming the validity of the notification and the exemption granted therein.