Overvaluation of export goods - There is no illegality in ...

Local Market Surveys Legitimate for Export Valuation; Overvaluation May Lead to Confiscation Under Customs Act Sections 110(1) & 113(i).

November 19, 2020

Case Laws Customs AT

Overvaluation of export goods - There is no illegality in conducting a local market survey to gather the valuation of the goods for the purpose of exercising power under section 110(1) of the Customs Act. - Once the officer had detected shortage of export goods and the market survey revealed that the goods were grossly overvalued, it cannot be said that the proper officer did not have ‘reason to believe’ that the goods were liable to confiscation under the provisions of section 113(i) of the Customs Act. - AT

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Overvaluation of export goods - There is no illegality in ...

Local Market Surveys Legitimate for Export Valuation; Overvaluation May Lead to Confiscation Under Customs Act Sections 110(1) & 113(i).

November 19, 2020

Case Laws Customs AT

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