Valuation of imported goods - Polyurethane Sealant - enhancement ...

Valuation case: Polyurethane Sealant import value enhanced 5x solely on acceptance letter. Held: Insufficient evidence for enhancement as per CMR Nikkei case.

Case Laws Customs

July 13, 2024

Valuation of imported goods - Polyurethane Sealant - enhancement of value solely based on appellant's acceptance letter whereby price was increased 5 times declared value. Held: Value enhanced solely on acceptance letter dated 26.07.2018 by appellant. As per CMR Nikkei India Pvt. Ltd case, despite importer's admission, Revenue must satisfy Section 14 of Customs Act and Customs Valuation Rules before enhancing valuation. Only acceptance letter relied upon, no contemporaneous import price based on documentary evidence. Therefore, no reason to enhance value. Both lower Authorities' orders incorrect and illegal. Sukhdev Exports Overseas case involving statement u/s 108 not applicable as no such statement recorded here. Impugned order set aside - appeal allowed.

View Source

← Previous Next →

Valuation of imported goods - Polyurethane Sealant - enhancement ...

Valuation case: Polyurethane Sealant import value enhanced 5x solely on acceptance letter. Held: Insufficient evidence for enhancement as per CMR Nikkei case.

Case Laws Customs

July 13, 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 - rejection of declared value - enhancement of value - The CESTAT held that since the appellant had voluntarily waived the right to a show...

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...

The case pertains to the import of restricted goods, specifically marbles and mosaics, under the Import Policy at a value lower than the Minimum Import Price notified by...

Valuation of imported goods - The Commissioner (Appeals) completely failed to advert to the crucial aspect that the importers had themselves accepted the enhanced value....

Valuation of imported goods - Aluminium Scrap - rejection of transaction value - procedure contemplated under Rule 12 of the valuation rules not followed - Commissioner...

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...

The case revolves around the rejection of the declared value by customs authorities and the subsequent enhancement of value based on a quotation obtained from a...

Valuation - rejection of declared value - The value of imported goods cannot be enhanced, merely, on the basis of DRI alerts for enhancing the price of the ball bearing

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

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

Valuation of imported goods - The Commissioner (Appeals) completely failed to advert to the crucial aspect that the importers had themselves accepted the enhanced value....

Valuation/undervaluation of imported goods - HCG 3MM Strip (Pregnancy Testing Strip) - retail packing versus bulk quantities - rejection of declared value - enhancement...

Valuation of imported goods - Light Melting Scrap (LMS) - High Sea Sales - just acceptance by the importer of the enhanced value in import of some consignment, solely...

Validity of Re-determination of Value - Goods have already been cleared from the port of import after examination and enhancement of value - The Appellate Tribunal found...

Quick Updates: