https://www.taxtmi.com/caselaws?id=76675 Imports from related persons were subjected to a 1% Extra Duty Deposit pending valuation, and a later Special Valuation Branch order accepted the declared transaction value and required finalisation of the pending assessments. Retention of the deposit without adjustment was treated as inconsistent with that valuation order and the governing circulars. The limitation objection under Section 27 of the Customs Act was rejected because the deposit was linked to provisional assessment, and the record did not justify treating the matter as a final assessment for denying refund. The importer was entitled to finalisation in line with the earlier valuation order and to work out refund consequences in law. en-us Wed, 02 Dec 2009 00:00:00 +0530 Tue, 13 Jul 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76675 Imports from related persons were subjected to a 1% Extra Duty Deposit pending valuation, and a later Special Valuation Branch order accepted the declared transaction value and required finalisation of the pending assessments. Retention of the deposit without adjustment was treated as inconsistent with that valuation order and the governing circulars. The limitation objection under Section 27 of the Customs Act was rejected because the deposit was linked to provisional assessment, and the record did not justify treating the matter as a final assessment for denying refund. The importer was entitled to finalisation in line with the earlier valuation order and to work out refund consequences in law. Case-Laws Customs Wed, 02 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76675