Supreme Court dismisses Customs appeal against Adani firms

Supreme Court dismisses Customs appeal against Adani firms


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A bench of Justice Krishna Murari and Justice Sanjay Karol passed its order on Monday after hearing arguments from both the sides. The bench said that there is no need for the intervention of the court in this matter, hence the appeals are dismissed.

The Supreme Court has dismissed the appeal filed by the Customs Department against two Adani Group firms in the case of overvaluation of imported products. A bench of Justice Krishna Murari and Justice Sanjay Karol passed its order on Monday after hearing arguments from both the sides. The bench said that there is no need for the intervention of the court in this matter, hence the appeals are dismissed.

A lawyer associated with the case said the project cost of Adani Group firms – Adani Power Rajasthan Limited (APRL) and Adani Power Maharashtra Limited (APML) – was at par or less than the cost charged by their competitors. The counsel submitted that the price quoted by these firms was lower than the per MW cost norm prescribed by the Central Electricity Regulatory Commission. These Adani group firms imported products needed to set up thermal power projects in Maharashtra and Rajasthan.

Similarly, PMC Projects India Pvt Ltd got the contract for laying transmission line and building a sub-station for Maharashtra Eastern Grid Power Transmission Company Ltd. The Directorate General of Revenue Intelligence (DRI) had sent show cause notices to these firms in May 2014 for inflating the prices of imported products. However, the Adjudicating Authority of DRI found the value of all imports to be correct in the year 2017. An appeal was made against this in the Appellate Tribunal, but last year the appeal of the Customs Department was also rejected there.

Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.



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