Commissioner Of Customs, Mumbai vs M.M.K. Jewellers & Another

The Supreme Court addressed the legality of the customs notifications regarding gold wastage for jewellery manufacturing under Notification No. 196/87-Cus and its amendments. The Court held that the respondent, M/s M.M.K. Jewellers, failed to maintain the required Wastage Account Register as mandated by Public Notice No. 2/1988, leading to a significant shortage of gold. Consequently, the Court upheld the findings of the customs authorities regarding the excess manufacturing wastage claimed by the respondent, affirming the legal standards for admissible wastage under the EXIM Policy and relevant customs notifications.