Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Circular mandates additional qualifiers for import/export declarations of synthetic or reconstructed diamonds effective 01.12.2024 to improve assessment and facilitate clearance. Importers/exporters must declare method used for producing these diamonds - Chemical Vapour Deposition (LGD001), High Pressure High Temperature (LGD002), or Other (LGD003) under CTHs 71042110, 71042120, 71049110, 71049120. Providing this information enhances assessment quality, avoids queries, and increases trade facilitation. Public notice to guide trade must be issued. Difficulties in implementation to be reported to the Board.
Circular mandates additional qualifiers for import/export declarations of synthetic or reconstructed diamonds effective 01.12.2024 to improve assessment and facilitate clearance. Importers/exporters must declare method used for producing these diamonds - Chemical Vapour Deposition (LGD001), High Pressure High Temperature (LGD002), or Other (LGD003) under CTHs 71042110, 71042120, 71049110, 71049120. Providing this information enhances assessment quality, avoids queries, and increases trade facilitation. Public notice to guide trade must be issued. Difficulties in implementation to be reported to the Board.
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