Valuation by Section 4: tariff values removed for polyester filament yarn, prompting invoice-based assessment and fortnightly reporting. Removal of prescribed tariff values requires assessment of all polyester filament yarn on the basis of value determined under Section 4 rather than tariff values. Integrated units must supply historical wholesale prices for specified deniers, fortnightly wholesale prices inclusive of duties and fortnightly clearance, value and revenue data; independent texturising units must supply average excise duty data. Reports must be submitted within seven days of each fortnight's close and difficulties in invoice-based ad valorem assessment should be reported to the Board.
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Valuation by Section 4: tariff values removed for polyester filament yarn, prompting invoice-based assessment and fortnightly reporting.
Removal of prescribed tariff values requires assessment of all polyester filament yarn on the basis of value determined under Section 4 rather than tariff values. Integrated units must supply historical wholesale prices for specified deniers, fortnightly wholesale prices inclusive of duties and fortnightly clearance, value and revenue data; independent texturising units must supply average excise duty data. Reports must be submitted within seven days of each fortnight's close and difficulties in invoice-based ad valorem assessment should be reported to the Board.
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