Municipal Corporation Of City Of Thane vs M/S Vidyut Metallics Ltd. & Anr

The Supreme Court ruled that the Municipal Corporation of City of Thane was incorrect in demanding octroi at the rate of 1% from M/s Vidyut Metallics Ltd. for stainless steel strips, as the applicable rate was 0.5% under Item 71 of the Maharashtra Municipalities (Octroi) Rules, 1974. The Court held that the interpretation of the relevant rules was crucial, and the Corporation's claim was not supported by the statutory provisions. Consequently, the appeals by the Corporation were dismissed, affirming the lower court's decision.