https://www.taxtmi.com/caselaws?id=332309 Imported chemicals cleared under advance licences for re-export were treated in accordance with the DGFT import policy and the licence terms, which identified the goods and their classification; on that basis, no violation of the Insecticides Act, 1968 was established. The declared transaction value also could not be displaced merely by reference to later imports, where differences in quantity and timing could explain price variation and there was no evidence of extra consideration or suppression. The re-determination of assessable value, together with the resulting duty demand and penalty, was therefore set aside. en-us Wed, 03 Aug 2016 00:00:00 +0530 Mon, 06 Feb 2017 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332309 Imported chemicals cleared under advance licences for re-export were treated in accordance with the DGFT import policy and the licence terms, which identified the goods and their classification; on that basis, no violation of the Insecticides Act, 1968 was established. The declared transaction value also could not be displaced merely by reference to later imports, where differences in quantity and timing could explain price variation and there was no evidence of extra consideration or suppression. The re-determination of assessable value, together with the resulting duty demand and penalty, was therefore set aside. Case-Laws Customs Wed, 03 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332309