Customs valuation: retail-declared price governs import value, less prescribed abatement; maximum declared price applies if multiple. The Act permits the Central Government to notify an additional duty on imported alcoholic liquor by reference to excise duties leviable on like liquor in different States, or to excise duties on the relevant class where no like liquor is produced. It further deems the customs value of imported articles required to bear a declared retail sale price to be that declared price less any notified abatement under the central excise deemed-value framework, and mandates use of the maximum declared price where multiple retail prices appear.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs valuation: retail-declared price governs import value, less prescribed abatement; maximum declared price applies if multiple.
The Act permits the Central Government to notify an additional duty on imported alcoholic liquor by reference to excise duties leviable on like liquor in different States, or to excise duties on the relevant class where no like liquor is produced. It further deems the customs value of imported articles required to bear a declared retail sale price to be that declared price less any notified abatement under the central excise deemed-value framework, and mandates use of the maximum declared price where multiple retail prices appear.
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