Customs Valuation Rules 2007 - Rule 12 allows rejection of ...

Rejecting lower declared value of imported goods if admittedly under-valued, sans need for reasons.

Case Laws Customs

September 4, 2024

Customs Valuation Rules 2007 - Rule 12 allows rejection of declared transaction value and re-determination u/r 9 if identical/similar goods imported at comparable time/quantities/commercial transactions at higher value. JSB Aluminium admitted declared value lower, accepted re-determination at higher price. Assessing Officer not required to give reasons for rejection when value admitted lower. Supreme Court precedents - admitted facts need not be proved, transaction value rejectable without cogent evidence if value admitted lower. Commissioner (Appeals) order allowing appeals set aside, appeal by department allowed.

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Customs Valuation Rules 2007 - Rule 12 allows rejection of ...

Rejecting lower declared value of imported goods if admittedly under-valued, sans need for reasons.

Case Laws Customs

September 4, 2024

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