Clarificatory Circular aiding Parent Provision can be Retrospective: Supreme Court sustains 1% AIR Customs Duty on Soyabean Meal [Read Order]

The Madhya Pradesh High Court had in the preceding stage, diminished the Appellant’s ability to avail the Benefit of the customs component of AIR duty drawback
By Avinash Kurungot - On May 29, 2025 11:24 am - 3 mins read
Supreme Court - Customs Duty on Soybean Meal - TAXSCAN

The Supreme Court of India recently clarified the retrospective applicability of clarificatory circulars issued against a statute, while proceeding to sustain the 1% All Industry Rate (AIR) Customs Duty Drawback on soyabean meal exports prayed for by the Appellant. The appellant, Suraj Impex (India) Pvt. Ltd., a merchant exporter engaged in the export of Soyabean…

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