Supreme Court of India

Living Media India Ltd. and Anr. Etc. v. Union of India and Ors.

Neutral citation
Bench K. Venkataswami Ands. Rajendra Babu J.
Decided 28 October 1998

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

Customs Act, 1962: S. 25(1)-Customs duty-Refund of-Interest on amount refundable- 'Glazed newsprint '-Used in news magazines-Notification No. 49189 Customs dated I. 3. I 989-Levying customs duty on 'glazed newsprint' imported/cleared at 30% ad valorem-Settlement between parties to bring down the levy to I 5r-Held, in view of the admitted position that cost of news magazines exceeds sale price and loss is compensated by earning from advertisements, which has no bearing o~ refund of duty, petitioners entitled to refund of excess duty recovered-However, petitioners not entitled to interest on…

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