Adjustment of individual values permitted where import quantities cannot meet specified CIF due to exchange rate or price escalation. The substituted proviso allows the Collector of Customs to permit adjustment of individual values where quantity for a particular description cannot be imported within the specified CIF value due to exchange rate fluctuation or escalation in prices, provided such adjustments remain within the total value specified in the advance licence certificate.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Adjustment of individual values permitted where import quantities cannot meet specified CIF due to exchange rate or price escalation.
The substituted proviso allows the Collector of Customs to permit adjustment of individual values where quantity for a particular description cannot be imported within the specified CIF value due to exchange rate fluctuation or escalation in prices, provided such adjustments remain within the total value specified in the advance licence certificate.
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