Supreme Court · 2000 INSC 524 · Decided 14 November 2000
MIS. Eicher Tractors LTD., Haryana v. Commissioner of Customs, Mumbai
- Court
- Supreme Court of India
- Citation
- 2000 INSC 524 · [2000] SUPP. 4 S.C.R. 597
- Case number
- CIVIL APPEAL No. 6492/1998
- Decided
- 14 November 2000
- Bench
- AJAY PRAKASH MISRA, RUMA PAL (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Customs Act Section 14(1), 14(2), 14, 4
Headnote
Customs Act, 1962-Sections 14(1), 14(2), 14(/A)-Customs Valuation (Determination of Price of Imported Goods) Rules, 1988-Rules 2(j), 3(i), A B 3(ii), 4(1), 4(2), 5, 6, 7, 7A, 8-Appellant importing a jive year old stock C of bearings from the foreign vendor at a discount of 77%-Assistant the price of the bearings based on the price list of the vendor by allowing a discount of 30% which was the maximum permissible discount according to the terms of agency between the vendor and its Indian agent-Tenability of-Held, when a discount is permissible commercially, D and there is
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