2017 (10) TMI 1454 - SC - Customs

Effect of N/N. 1/2013 Custom dated 21.01.2013 - prospective effect or retrospective effect? - import of gold - case of petitioner is that the customs duty at the prevailing rate of 4.12% in terms of N/N. 12/2012 Cus dated 17.03.2012 was already deposited, and the N/N. 1/2013 Customs dated 21.01.2013 cannot be applied retrospectively to the goods already cleared - HELD THAT - There is no legal and valid ground for interference - The Special Leave Petition is dismissed.

Summary

The Supreme Court dismissed the Special Leave Petition as no valid ground for interference was found. Application for exemption from filing certified copy of the impugned order was allowed, and delay was condoned.