https://www.taxtmi.com/caselaws?id=152276 The appeal of a PSU was restored after being dismissed due to non-clearance from the Committee on Disputes. The appellant sought a stay on the recovery of duty amount under the Customs Act, 1962, related to the valuation of bulk liquid cargo facing losses in transit. The dispute centered on the assessable value calculation based on actual payment for importing crude oil consignments. The appellant's arguments against the valuation and assessment were unsuccessful, leading to a directive for pre-deposit of the duty demanded within a specified timeframe to safeguard Revenue's interests. en-us Tue, 06 Oct 2009 00:00:00 +0530 Fri, 28 Jun 2013 16:40:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152276 The appeal of a PSU was restored after being dismissed due to non-clearance from the Committee on Disputes. The appellant sought a stay on the recovery of duty amount under the Customs Act, 1962, related to the valuation of bulk liquid cargo facing losses in transit. The dispute centered on the assessable value calculation based on actual payment for importing crude oil consignments. The appellant's arguments against the valuation and assessment were unsuccessful, leading to a directive for pre-deposit of the duty demanded within a specified timeframe to safeguard Revenue's interests. Case-Laws Customs Tue, 06 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152276