M/S. Uniworth Textiles Ltd vs Commnr. Of Central Excise, Raipur

The Supreme Court upheld the Tribunal's decision regarding the levy of customs duty on the import of furnace oil under the Customs Act, 1962, specifically referencing Section 112 for penalties. The court rejected the appellant's argument that the demand for duty and penalty was barred by limitation, affirming that the exemption under Notification No. 53/97-Cus. did not apply to the circumstances of the case. The court's holding confirmed the Tribunal's order, maintaining the customs duty and penalty imposed on the appellant.