Appellate Tribunal ruling on rejection of transaction value and ...

Flawed re-valuation of imported goods led to unjust duty demands & penalties; tribunal orders recalculation.

Case Laws Customs

October 9, 2024

Appellate Tribunal ruling on rejection of transaction value and re-determination of imported goods' value. Lack of justification for rejecting declared values under Valuation Rules. Inadequate details on Bills of Entry for identical or similar goods used for re-determination. No comparison of features between imported goods and goods whose values were adopted. Re-determination of values, demand for differential duty, confiscation, and penalties set aside for specific goods. Penalty u/s 114AA reduced. Matter remanded for recalculation. Partial allowance of appeal.

View Source

← Previous Next →

Appellate Tribunal ruling on rejection of transaction value and ...

Flawed re-valuation of imported goods led to unjust duty demands & penalties; tribunal orders recalculation.

Case Laws Customs

October 9, 2024

You may also like:

The case pertains to the valuation and classification of imported goods as old and used second-hand goods or unused new goods. The key points are: The Chartered...

Duty demand - collection excess duty from customers on sale of import goods - duty under Section 11D of the Central Excise Act cannot be demanded on imported custom...

Warehousing of imported Goods without payment of duty - The Tribunal concluded that the appellant complied with all legal provisions for the importation and warehousing...

Classification of imported goods - Narrow Woven Fabric Webbing - The tribunal noted that the appellant's actions in misclassifying goods from a specific country...

Clandestine removal of goods denied CENVAT credit. Liability for duty, interest, and penalty from FY 2007-08 to 2011-12 assessed. Differential duty demand of Rs....

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

Levy of Penalty u/s 112 (a) and (b) and 114AA of the Customs Act, 1962 - Abetment in mis-declaration of goods and evasion of duty - The appellants were accused of being...

100% EOU - demand of customs duty on the raw material imported duty free - removal of finished goods in DTA without having any permission from the Development...

Valuation of imported goods - inclusion of royalty and the cost of advertisement incurred by the Appellant in India in assessable value - related party - The Tribunal...

The appellant, a 100% Export Oriented Unit (EOU), imported goods and stored them in a licensed warehouse u/s 58 of the Customs Act, 1962. These goods were destroyed in a...

The case involved a dispute regarding the valuation of goods for central excise duty purposes. The Appellate Tribunal held that the price declared by the appellant for...

Refund claim - Principles of unjust enrichment - Imported goods as ''wireless telephone'' - The Tribunal's findings indicated that the appellant had paid duty without...

Levy of penalty on the Director of the Company - Valuation of imported goods - import of luxury vehicles by misusing the Transfer of Residence (TR) Scheme - The Tribunal...

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

Provisional release of imported goods (apples) - The dispute centers on the valuation of the imported apples.

Quick Updates: