https://www.taxtmi.com/caselaws?id=332409 Section 14(2) of the Customs Act permits tariff value to be fixed by notification in the Official Gazette, but the notification could not be applied to goods imported on 03.08.2001 because the Supreme Court had already held, on the same notification, that it did not govern an earlier import. Customs duty was therefore payable only on the invoice value for that import. The High Court was also bound by Article 141 and could not disregard the Supreme Court's ruling or adopt a contrary view; judicial discipline required adherence to the binding declaration of law. The writ petitions succeeded, and the duty assessment based on the notification was held unlawful. en-us Tue, 21 Jun 2016 00:00:00 +0530 Fri, 18 Nov 2016 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332409 Section 14(2) of the Customs Act permits tariff value to be fixed by notification in the Official Gazette, but the notification could not be applied to goods imported on 03.08.2001 because the Supreme Court had already held, on the same notification, that it did not govern an earlier import. Customs duty was therefore payable only on the invoice value for that import. The High Court was also bound by Article 141 and could not disregard the Supreme Court's ruling or adopt a contrary view; judicial discipline required adherence to the binding declaration of law. The writ petitions succeeded, and the duty assessment based on the notification was held unlawful. Case-Laws Customs Tue, 21 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332409