INDURE LTD. vs COMMERCIAL TAX OFFICER .

The Supreme Court addressed the contractual obligations between the Appellant and National Thermal Power Corporation Limited (N.T.P.C.) regarding the import of MS Pipes under the Companies Act, 1956. The Court held that the import and supply of MS Pipes constituted an integral part of the contracts, emphasizing that the terms of the contract must be adhered to for the benefits under the Import Export Policy to apply. The judgment clarified the necessity of treating the importation as part of the supply contract to avail customs duty exemptions.