Supreme Court Ruling on Customs Duty Classification of Imported Machinery

The Supreme Court of India has delivered a landmark judgment clarifying the classification of imported machinery under customs duty schedules. The ruling provides much-needed clarity on the interpretation of technical specifications and their impact on duty rates. This decision is expected to affect numerous pending cases and will serve as a guiding precedent for customs authorities and importers alike. The court emphasized the need for consistent application of classification principles across all ports.