Amendment to Value of goods Imported after goods cleared from Customs

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Amendment to Value of goods Imported after goods cleared from Customs
Query (Issue) Started By: - Vinay Kunte Dated:- 9-12-2015 Last Reply Date:- 5-9-2016 Customs - Exim - SEZ
Got 1 Reply
Cu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... stoms
An Importer received the goods from a Foreign Client, followed all the procedure as per Customs Rules, Paid all the necessary Duties and fees wherever necessary, goods were cleared and dispat .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ched to his warehouse / factory. After a period of six months he received a debit note from the supplier showing that the Goods were erroneously undervalues in the Bills and he needs to settle the ba .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lance amount payable as per his PO. Is there any procedure / Rule under which he can again pay the Duties / Fees in relation to the difference in Price / Value of Goods Imported, so that he will be e .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ligible to claim the benefits that are available to him on Imports are also made available on this increased purchase value / Import Value of Goods. Please provide your guidance in the matter. Reply .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... By YAGAY AND SUN: The Reply: You may simply go to the Customs Department and disclose all the material facts, pay the duty along with interest.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X