M/S. Sanghvi Reconditioners Pvt. Ltd vs Union Of India & Ors

The Supreme Court upheld the decision of the High Court affirming the Settlement Commission's order regarding customs duty liability under Section 28AB of the Customs Act, 1962. The Court found that the appellant had improperly availed of duty exemptions by misclassifying goods as 'ship spares' and selling them to ineligible entities, thus violating the exemption notification. The Court held that the Settlement Commission's findings were justified and the appeal was dismissed, confirming the duty demand of Rs.68,78,106/- and penalties imposed.