Person chargeable with duty must be the importer at importation; subsequent purchasers cannot be held liable where beneficial owner rules did not appl...
Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
ITAT held that an addition for alleged under-valuation of export sales could not stand where the exports were not shown to be non-genuine and no evidence existed of any undisclosed consideration over and above the declared sale value. A valuation based only on copies of bills, without physical inspection of the exported goods, was treated as a merely estimated and notional exercise, especially when customs authorities had already verified the exports without objection to declared value. The Tribunal also noted that the variation fell within the tolerance range referred to before it. The deletion of the addition was therefore affirmed and the Revenue's challenge failed.
ITAT held that an addition for alleged under-valuation of export sales could not stand where the exports were not shown to be non-genuine and no evidence existed of any undisclosed consideration over and above the declared sale value. A valuation based only on copies of bills, without physical inspection of the exported goods, was treated as a merely estimated and notional exercise, especially when customs authorities had already verified the exports without objection to declared value. The Tribunal also noted that the variation fell within the tolerance range referred to before it. The deletion of the addition was therefore affirmed and the Revenue's challenge failed.
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