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Customs - Highlights / Catch Notes

Home Highlights September 2023 Year 2023 This

Project Import - demand of differential duty - levy of penalty - ...

Case Laws     Customs

September 14, 2023

Project Import - demand of differential duty - levy of penalty - undervalued goods - The finalization has happened after 15 years of provisional assessment which is extremely inordinate delay, and also against the instructions issued by CBIC as to finalization of Project Import Assessments The department has not been able to put forward cogent evidence to reject the transaction value - Demand set aside - AT

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