M/S. Mustan Taherbhai vs Commnr. Of Central Excise & Customs

The Supreme Court upheld the Tribunal's decision confirming the levy of customs duty on the vessel M.V. Jagat Priya, purchased by the appellant in a court auction, under Notification No. 133/87-Cus. The Court clarified that the vessel, although manufactured in India, was subject to customs duty as it was treated similarly to imported goods under the Customs Act, 1962. The appeal was dismissed, affirming the Tribunal's interpretation of the applicable law and the duty liability.