Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Related-party imports may justify reasonable doubt about declared transaction values under Rule 10A, supporting rejection of those values even without sufficient proof of cash payment of differential amounts. After rejection, customs valuation methods must be applied sequentially, ruling out each preceding method before using the next, with the applicable rule identified for each good and Bill of Entry. Recovered genuine invoices may support re-determination for specified goods, but residual valuation cannot rely on available contemporaneous imports or sales, impermissible domestic or foreign prices, or arbitrary average loading. Penalties under sections 112 and 114A are mutually exclusive and cannot be combined.
Related-party imports may justify reasonable doubt about declared transaction values under Rule 10A, supporting rejection of those values even without sufficient proof of cash payment of differential amounts. After rejection, customs valuation methods must be applied sequentially, ruling out each preceding method before using the next, with the applicable rule identified for each good and Bill of Entry. Recovered genuine invoices may support re-determination for specified goods, but residual valuation cannot rely on available contemporaneous imports or sales, impermissible domestic or foreign prices, or arbitrary average loading. Penalties under sections 112 and 114A are mutually exclusive and cannot be combined.
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