Valuation/undervaluation of imported goods - HCG 3MM Strip ...

Imported goods valuation: Retail vs bulk packs must be considered. NIDB data alone can't enhance value. Quantities & quality are key.

Case Laws Customs

July 10, 2024

Valuation/undervaluation of imported goods - HCG 3MM Strip (Pregnancy Testing Strip) - retail packing versus bulk quantities - rejection of declared value - enhancement of value. The Tribunal held that NIDB data cannot be the basis for enhancement of value. The transaction value can be rejected and enhanced only if the same quantities and quality are imported. In this case, the imported goods varied in quantity, and retail packing and bulk packing influenced the price. Without considering these facts, enhancement of value based solely on similarity of goods will not hold good. The impugned order was set aside, and the appeal was allowed.

View Source

← Previous Next →

Valuation/undervaluation of imported goods - HCG 3MM Strip ...

Imported goods valuation: Retail vs bulk packs must be considered. NIDB data alone can't enhance value. Quantities & quality are key.

Case Laws Customs

July 10, 2024

You may also like:

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

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...

Valuation of Goods – Transaction value u/s 4 or MRP based valuation u/s 4A - Bulk pack of the Tooth Brushes – cannot be considered as for retail sale - stay granted - AT

Valuation of imported goods - In case of new machinery, Rules require valuation to be done on the basis of contemporaneous imports (NIDB data). In absence of such data,...

Valuation of imported goods - NIDB Data for the relevant period did not reflect the correct value of the imported goods, since NIDB Data reflects the prices after a...

Valuation of imported goods - The Tribunal held that, the lower authorities have re-determined the value of the impugned goods based on the values declared by other...

Customs valuation of imported cyanuric chloride - revenue rejected declared value based on NIDB and contemporaneous import data showing higher prices for smaller...

Valuation of imported goods - rejection of declared assessable value based on NIDB data - The value of the similar goods were obtained not only from other imports taken...

Valuation of imported goods - Base Oil SN-500 - price of NIDB data is for not more than 500 MTs - the goods involved in the contemporaneous bill of entry, therefore, due...

MRP based valuation - imports - the appellants are importing the goods not for retail sale but for repacking, labelling and branding and selling the same in bulk - No...

Valuation - import of Desk top Board classic series - rejection of transaction value - Tribunal upheld that re-determination of value based on NIDB data available in...

Valuation of imported goods was rejected by authorities, enhancing value based on contemporaneous import data of similar goods. However, transaction value declared by...

Manufacture - Packing of assorted medicament into a single carton by taking small quantities of retail packs of various medicines from different cartons and writing the...

Process amounting to manufacture or not - duty paid cigarettes - affixing brand name, repacked in new pack - In the case in hand, it is an admitted fact on record that...

Valuation of imported goods - Ramie Unprocessed Yarn - The enhancement of the declared value cannot be done on the basis of NIDB data

Quick Updates: