https://www.taxtmi.com/caselaws?id=202039 Additional customs duty under sections 3(1) and 3(2) of the Customs Tariff Act, 1975 is computed at a rate equivalent to central excise duty on like goods, and for ad valorem levy the assessable value is the customs value under section 14 of the Customs Act, 1962 plus basic customs duty. Applying that method, the duty liability was reduced to 82.55% of the differential duty because export obligation was fulfilled only to the extent of 17.45%. On that basis, the additional customs duty component actually paid was Rs. 68,51,381/-, and the lower Cenvat credit figure adopted by the department was incorrect. en-us Fri, 14 May 2010 00:00:00 +0530 Sat, 19 Feb 2011 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202039 Additional customs duty under sections 3(1) and 3(2) of the Customs Tariff Act, 1975 is computed at a rate equivalent to central excise duty on like goods, and for ad valorem levy the assessable value is the customs value under section 14 of the Customs Act, 1962 plus basic customs duty. Applying that method, the duty liability was reduced to 82.55% of the differential duty because export obligation was fulfilled only to the extent of 17.45%. On that basis, the additional customs duty component actually paid was Rs. 68,51,381/-, and the lower Cenvat credit figure adopted by the department was incorrect. Case-Laws Central Excise Fri, 14 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202039