Supreme Court · 2023 INSC 274 · Decided 22 March 2023
M/S Bilag Industries P. LTD. & ANR. v. COMMR. of CEN. EXC. Daman & ANR.
- Court
- Supreme Court of India
- Citation
- 2023 INSC 274 · [2023] 3 S.C.R. 618
- Case number
- CIVIL APPEAL No. 9195/2010
- Decided
- 22 March 2023
- Bench
- S. RAVINDRA BHAT, DIPANKAR DATTA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Central Excise Act Section 4(4)(c)
Headnote
Central Tariff Act, 1985 - s. 4(4)(c) - In BIL, AgrEvo SA held 51% of the share capital initially (which was increased to 74% subsequently) and it continued to hold more than 51% - BIL thus became a subsidiary of AgrEvo SA - AgrEvo SA in Aventis CropScience (India) Ltd - Therefore, both BIL and Aventis CropScience (India) Ltd. became subsidiaries of AgrEvo SA (the name of which was changed to Aventis Crop Science SA around March 2000) during the relevant period - The dispute in this case arose as regards value of
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