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Customs - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Valuation of imported goods - Revenue neutrality - the liability ...


Imported Goods Valuation: Payment Due at Import, Credit Only Post-Installation and Production Start, Not Revenue Neutral.

October 30, 2018

Case Laws     Customs     AT

Valuation of imported goods - Revenue neutrality - the liability to pay would arise at the time of import but the said credit can be used only after the plant is installed and production starts. Thus, it is not a revenue neutral situation.

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