Provisional release of imported goods (apples) - The dispute centers on the valuation of the imported apples.

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..... rom Iran. The Bill of Entry for these goods was filed on November 11, 2023. Key Issues Valuation Dispute : The dispute centers on the valuation of the imported apples in light of Notification No. 5/2023, which sets a minimum import price of Rs. 50 per kg for apples. Legal Stay by Kerala High Court : The petitioner referenced a stay order by the Kerala High Court dated July 1 .....

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..... essment set by respondent no. 2. Order for Release : The court directed the respondents to provisionally assess the Bill of Entry No. 8733339 within four days and release the goods upon the petitioner furnishing a bond. Implications Impact on Import Business : This decision has significant implications for import businesses, particularly those dealing with perishable go .....

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..... n for the release of goods highlights the court's approach to ensure compliance with potential future adjustments in valuation, safeguarding revenue interests. Conclusion The High Court's decision to allow the provisional release of imported apples, contingent on the furnishing of a bond, provides important guidance for importers facing similar regulatory challenges. It illustra .....

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