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Bombay High Court Allows Petition in Customs Case — Redemption Fine and Penalty Reduced for Import of Used Personal Effects. Gold chain with diamond pendant held to be 'personal effects' under Baggage Rules, 1998, entitling duty-free import.

The petitioner, a US citizen of Indian origin, arrived in Mumbai on 6th May 2007 from New York. He was wearing a gold chain with a pendant embedded wi...

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"Supreme Court's Landmark Decision on Valuation Under Central Excise Act, 1944: Bharat Petroleum vs. Commissioner of Central Excise" "Defining Transaction Value in the Sale of Petroleum Products Between Public Sector Undertakings Under the Central Excise Act."

The judgment clarifies the determination of "transaction value" under Section 4(1) of the Central Excise Act for sales made between public sector oil ...

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Bombay High Court Allows Writ Petition Challenging Seizure and Confiscation of Medical Equipment Imported Under Customs Duty Exemption — Limitation Period Under Section 110(2) of Customs Act, 1962 Mandates Return of Seized Goods if No Notice Issued Within Six Months

The petitioners, Insight Diagnostic Oncological & Research Institute Private Limited and Dr. Anil V. Purohit, imported a Computerised Treadmill on 11 ...

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Bombay High Court Allows Appeal by MIDC in Contract Breach Case — No Binding Contract Without Work Order. Mere acceptance of tender does not create contractual obligations; formal work order essential under tender conditions.

The case involves an appeal by the Maharashtra Industrial Development Corporation (MIDC) against a decree passed in Special Civil Suit No.99/2009, whe...

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Bombay High Court Partially Sets Aside Arbitral Award in Dealership Dispute Over Supply of Spurious Bearings and Non-Delivery. Court Upholds Termination for Breach of Implied Warranty of Genuineness but Remits Damages for Non-Delivery for Reconsideration.

The judgment concerns cross arbitration petitions under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral award arisin...

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Bombay High Court Dismisses Appeal Under Section 37 of Arbitration Act — Upholds Arbitral Award Granting Interest on Delayed Payments. Court holds that award of interest at 18% per annum is not patently illegal under Section 34 of the Arbitration and Conciliation Act, 1996.

The case involves an appeal by Jawaharlal Nehru Port Trust (Appellant) against the rejection of its petition under Section 34 of the Arbitration and C...