M/S. Swastika Enterprises & Anr vs Commnr. Of Customs, Kolkata & Ors

The Supreme Court interpreted the provisions of the Kar Vivad Samadhan Scheme under Sections 86 to 98 of the Finance (No.2) Act, 1998, specifically focusing on Section 95(ii)(b). The Court held that the Scheme applies to tax arrears defined under Section 87(m)(iii), which includes duties and penalties determined as due by March 31, 1998. The outcome affirmed the applicability of the Scheme to the appellants' case regarding additional customs duty, allowing for settlement under the Scheme.