https://www.taxtmi.com/caselaws?id=72893 The Appellate Tribunal CEGAT dismissed the appeal, affirming the Revenue Authority's decision regarding the adjustment of foreign agents' commission in the assessable value of exported goods. The Tribunal held that the Trade Notice issued by the Central Board of Revenue did not alter the statutory provision of Section 14 of the Customs Act, 1962. It was clarified that the price for assessment should be based on the price at which goods are ordinarily sold in international trade, where there is no business interest between the seller and buyer. The Tribunal concluded that the short levy demand was correctly raised, and exporters post-November 1970 did not contest the assessment of commission paid to foreign agents. en-us Fri, 15 Apr 1983 00:00:00 +0530 Wed, 25 May 2011 16:48:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72893 The Appellate Tribunal CEGAT dismissed the appeal, affirming the Revenue Authority's decision regarding the adjustment of foreign agents' commission in the assessable value of exported goods. The Tribunal held that the Trade Notice issued by the Central Board of Revenue did not alter the statutory provision of Section 14 of the Customs Act, 1962. It was clarified that the price for assessment should be based on the price at which goods are ordinarily sold in international trade, where there is no business interest between the seller and buyer. The Tribunal concluded that the short levy demand was correctly raised, and exporters post-November 1970 did not contest the assessment of commission paid to foreign agents. Case-Laws Customs Fri, 15 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72893