M/S SBEC SUGAR LIMITED vs UNION OF INDIA

The Supreme Court upheld the High Court's decision dismissing the writ petitions filed by the appellants against the Assistant Commissioner of Customs' order regarding the assessment of customs duty under the Customs Act, 1962. The Court noted that the appellants failed to meet the mandatory requirements for extending the bond period as stipulated in the Public Notice No.102/96. The Court held that the notification under Section 25(1) of the Customs Act, which extended the EPCG Scheme, did not retroactively apply to the appellants' case, affirming the High Court's directive for duty payment.