Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
Misclassification between copra and dry coconut: customs recovery and re-valuation quashed for lack of prior licensing-authority invalidation, appeals...
Under Section 15 of the CGST Act read with Section 20 of the IGST Act, transaction value for exports on DDP terms includes incidental and reimbursable expenses incurred up to delivery, because the supplier bears responsibility and risk until the buyer's designated destination. As the applicant was not a pure agent and such costs were intended to be charged to the recipient, ocean freight, insurance, foreign import duties, delivery charges and similar expenses were includible in the value of taxable supply for IGST. The Authority also held that refund is not a matter within advance ruling jurisdiction under Section 97(2), so the refund query was not admitted or answered.
Under Section 15 of the CGST Act read with Section 20 of the IGST Act, transaction value for exports on DDP terms includes incidental and reimbursable expenses incurred up to delivery, because the supplier bears responsibility and risk until the buyer's designated destination. As the applicant was not a pure agent and such costs were intended to be charged to the recipient, ocean freight, insurance, foreign import duties, delivery charges and similar expenses were includible in the value of taxable supply for IGST. The Authority also held that refund is not a matter within advance ruling jurisdiction under Section 97(2), so the refund query was not admitted or answered.
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