https://www.taxtmi.com/caselaws?id=165930 The appeal was dismissed by the Tribunal, affirming the decision of the Appellate Collector of Customs. The Tribunal held that the levy of customs duty should be based on the prevailing price of goods at the time and place of importation, as per the Customs Act. It was determined that the original contract price was not relevant for duty calculation, and the actual price paid by the appellants for the first 5,000 metric tonnes was not disputed. Therefore, the rejection of the refund claim was upheld, and the appellants' appeal was dismissed. en-us Fri, 24 Dec 1982 00:00:00 +0530 Wed, 20 Aug 2014 10:46:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165930 The appeal was dismissed by the Tribunal, affirming the decision of the Appellate Collector of Customs. The Tribunal held that the levy of customs duty should be based on the prevailing price of goods at the time and place of importation, as per the Customs Act. It was determined that the original contract price was not relevant for duty calculation, and the actual price paid by the appellants for the first 5,000 metric tonnes was not disputed. Therefore, the rejection of the refund claim was upheld, and the appellants' appeal was dismissed. Case-Laws Customs Fri, 24 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165930