https://www.taxtmi.com/caselaws?id=113279 In provisional customs valuation of an imported vessel under Section 14 of the Customs Act, the reduced post-import price was not accepted where the vessel was bought outright under the memorandum of agreement, the buyer waived inspection, and the purchase was on an as is where is basis. On that prima facie view, the original contractual price remained the relevant valuation basis and no complete waiver of pre-deposit was justified. The application for waiver of pre-deposit was therefore rejected, and the appellant was directed to deposit the entire duty within eight weeks, failing which the appeal would stand dismissed. en-us Tue, 13 Jan 2004 00:00:00 +0530 Fri, 04 May 2012 16:53:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113279 In provisional customs valuation of an imported vessel under Section 14 of the Customs Act, the reduced post-import price was not accepted where the vessel was bought outright under the memorandum of agreement, the buyer waived inspection, and the purchase was on an as is where is basis. On that prima facie view, the original contractual price remained the relevant valuation basis and no complete waiver of pre-deposit was justified. The application for waiver of pre-deposit was therefore rejected, and the appellant was directed to deposit the entire duty within eight weeks, failing which the appeal would stand dismissed. Case-Laws Customs Tue, 13 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113279