New Delhi, May 19 (UNI) In a significant relief to Patanjali-owned Ruchi Soya Industries Ltd, the Supreme Court on Monday allowed its appeal challenging a Gujarat High Court judgment that had denied the company a refund of customs duty recovered by the authorities through encashment of a bank guarantee.
A bench comprising Justice Abhay S. Oka and Justice Ujjal Bhuyan held that the customs department’s claim was barred by the doctrine of unjust enrichment and criticised the coercive recovery of funds.
“The customs had recovered the duty amount using coercive methods.