https://www.taxtmi.com/caselaws?id=97582 Service charges paid to a canalising agency in a high-sea-sale import transaction were held includible in the assessable value for customs purposes, following the settled position that such charges form part of the imported goods' value. Stamp duty paid on documents was excluded because it was a statutory levy on the documents and not part of the price or consideration for the goods. Non-disclosure of the canalising agency's final invoice, which included the service charges, amounted to suppression and misdeclaration, so the extended limitation period was available. Penalties were nevertheless reduced by 50% on the facts. en-us Thu, 10 Aug 2000 00:00:00 +0530 Tue, 17 Jan 2012 13:04:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97582 Service charges paid to a canalising agency in a high-sea-sale import transaction were held includible in the assessable value for customs purposes, following the settled position that such charges form part of the imported goods' value. Stamp duty paid on documents was excluded because it was a statutory levy on the documents and not part of the price or consideration for the goods. Non-disclosure of the canalising agency's final invoice, which included the service charges, amounted to suppression and misdeclaration, so the extended limitation period was available. Penalties were nevertheless reduced by 50% on the facts. Case-Laws Customs Thu, 10 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97582