https://www.taxtmi.com/caselaws?id=260891 The court upheld the Director General of Foreign Trade's (DGFT) jurisdiction to issue the notification updating the floor price for imported marble, finding it within the DGFT's delegated authority and consistent with past practices. The imposed floor price was deemed a procedural update to prevent mis-declaration of import values. Additionally, the court supported the confiscation of goods and penalties imposed on the petitioners for declaring import values below the mandated floor price, emphasizing compliance with import policies. The writ petitions were dismissed, allowing petitioners to appeal the confiscation order through proper legal channels. en-us Thu, 11 Jun 2015 00:00:00 +0530 Sat, 03 Oct 2015 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260891 The court upheld the Director General of Foreign Trade's (DGFT) jurisdiction to issue the notification updating the floor price for imported marble, finding it within the DGFT's delegated authority and consistent with past practices. The imposed floor price was deemed a procedural update to prevent mis-declaration of import values. Additionally, the court supported the confiscation of goods and penalties imposed on the petitioners for declaring import values below the mandated floor price, emphasizing compliance with import policies. The writ petitions were dismissed, allowing petitioners to appeal the confiscation order through proper legal channels. Case-Laws Customs Thu, 11 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260891