Timing mismatch in income recognition requires verification whether receipts were already taxed in an earlier year; matter remitted for fresh examinat...
FOB transaction value and export incentives: customs valuation cannot override contractual export benefits or support confiscation without valid proof...
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High Court considered valuation of seized goods based on market survey and held that once customs issued a show cause notice using market value, the burden shifted to the appellant to prove incorrect valuation; appellant's general denial and failure to substantiate valuation challenged the decision. Statements recorded under the Customs Act (s.108) were treated as admissible and not vitiated by absence of cross-examination, since the right to cross-examine is not absolute and no prejudice was shown. The court concluded the appeal raised no question of law required for maintainability under the Act and dismissed the appeal.
High Court considered valuation of seized goods based on market survey and held that once customs issued a show cause notice using market value, the burden shifted to the appellant to prove incorrect valuation; appellant's general denial and failure to substantiate valuation challenged the decision. Statements recorded under the Customs Act (s.108) were treated as admissible and not vitiated by absence of cross-examination, since the right to cross-examine is not absolute and no prejudice was shown. The court concluded the appeal raised no question of law required for maintainability under the Act and dismissed the appeal.
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