https://www.taxtmi.com/caselaws?id=88202 Customs valuation remained governed by the Customs Act and Customs Valuation Rules, 1963, even though the import licence was conditional and a High Court order directed issuance of the licence. The assessable value had to be determined on the ordinary price of like goods and the true price actually paid, not merely by reference to the court order. A refund claim under Section 27 was not defeated solely because no objection had been raised at the time of assessment, and the view that Section 14 was inapplicable was incorrect. The matter was remitted for fresh consideration of the refund claims in accordance with law. en-us Wed, 22 May 1996 00:00:00 +0530 Thu, 15 Sep 2011 17:53:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88202 Customs valuation remained governed by the Customs Act and Customs Valuation Rules, 1963, even though the import licence was conditional and a High Court order directed issuance of the licence. The assessable value had to be determined on the ordinary price of like goods and the true price actually paid, not merely by reference to the court order. A refund claim under Section 27 was not defeated solely because no objection had been raised at the time of assessment, and the view that Section 14 was inapplicable was incorrect. The matter was remitted for fresh consideration of the refund claims in accordance with law. Case-Laws Customs Wed, 22 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88202