Value Re-determination for Imported Goods Meant for Re-export Unjustified Under Section 68 of Customs Act

CESTAT held that the re-determination of value for imported goods intended for re-export was unjustified. The tribunal found that both original and appellate authorities failed to properly apply the statutory framework governing customs clearance procedures. The adjudicating authorities erroneously applied Section 47 of Customs Act to warehoused goods, disregarding that once goods are warehoused, Section 68 becomes the operative provision for clearance. The tribunal identified a systemic failure in customs assessment procedures, noting that the Customs Valuation Rules, 2007 and Section 14 of Customs Act were improperly applied to goods not intended for home consumption. The impugned order was set aside and the appeal allowed. .....

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