Supreme Court Rules In Favour Of Patanjali In Long-Standing 23-Year-Old Customs Duty Dispute

The Supreme Court on Monday allowed an appeal filed by Patanjali Foods Limited (formerly Ruchi Soya Industries Ltd.) challenging a Gujarat High Court judgment that had denied the company a refund of customs duty recovered via the encashment of a bank guarantee. The bench comprising Justices Abhay S. Oka and Ujjal Bhuyan held that the recovery made by customs was not legally sustainable and ordered a refund of approximately ₹77.43…