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Customs - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Valuation of imported goods - With the lack of approbation for ...


Imported Goods Valuation Without Approval Not an Offense; No Confiscation or Penalty Under Customs Act Section 111.

February 27, 2019

Case Laws     Customs     AT

Valuation of imported goods - With the lack of approbation for enhancement of value, there is no offence that renders the goods liable to confiscation u/s 111 of Customs Act, 1962 - No penalty.

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