Valuation of imported goods - While invoking Rule 5, no values ...

Improper Valuation of Imported Goods: Arbitrary 30% Increase Applied Without Legal Basis u/r 5. No Demand Justifiable.

December 23, 2019

Case Laws Customs AT

Valuation of imported goods - While invoking Rule 5, no values of contemporaneous imports were taken for comparison; arbitrarily 30% has been loaded without any authority of law under Rule 5 and clearly the OIO transgressed the scope of remand. - No demand can be made.

View Source

← Previous Next →

Valuation of imported goods - While invoking Rule 5, no values ...

Improper Valuation of Imported Goods: Arbitrary 30% Increase Applied Without Legal Basis u/r 5. No Demand Justifiable.

December 23, 2019

Case Laws Customs AT

You may also like:

Levy of customs duty on import of wheat - rate of duty increased from 20% to 30%

Valuation of imported goods - NIDB data cannot be used to enhance the value of imported goods.

The case pertains to the valuation of imported porcelain vitrified tiles. The key points are: The assessment attained finality, but the appellant has the legal right to...

Valuation of imported goods - MRP based valuation or transaction value - CVD - AT

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

The period within which Yellow Peas can be imported freely, without the Minimum Import Price (MIP) condition and without port restrictions, has been extended from 30th...

Seizure of imported goods - misdeclaration of goods - when the mis-declaration was only in respect of 81 bales, Commissioner proceeded to redetermine the entire quantity...

Valuation of imported goods - if at all the value of contemporary imports is to be applied, the lowest value of similar goods imported into India is to be adopted....

The case pertains to the valuation and classification of imported goods as old and used second-hand goods or unused new goods. The key points are: The Chartered...

Valuation of imported goods - PVC sheeting - rejection of declared value - rule 7 of Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 requires...

Refund of the Additional Duty of Customs (SAD) - rejection of refund on the ground that the description of the imported goods and the goods sold in India does not tally...

Valuation of imported goods - Higher values available on contemporaneous imports NIDB/DGOV data on similar good - The valuation of similar goods depends on factors such...

100% EOU - Import of textile machinery without payment of duty - Failure to install the capital goods within stipulated time - since the impugned goods have been...

Central Excise and Service Tax Appellate Tribunal (CESTAT) case involving valuation of imported goods - rejection of declared value - enhancement of value. The tribunal...

Method of Valuation - prototype vehicles - goods cleared from the factory on payment of duty under self invoice on the comparable value of the similar vehicle applying...

Quick Updates: