https://www.taxtmi.com/caselaws?id=351377 Valid certificates of origin issued by the competent Sri Lankan authority barred denial of customs exemption, because the certificates had not been withdrawn, cancelled, or amended. Indian customs could not re-open or re-assess the foreign valuation merely on the assumption that the declared value of inputs was understated or that the 35% value addition requirement was unmet. The record did not establish failure of the origin condition under Rule 7, and the reports relied on did not discredit the certificates. The order confirming duty, confiscation, and penalties was therefore unsustainable. en-us Wed, 04 Oct 2017 00:00:00 +0530 Mon, 30 Apr 2018 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351377 Valid certificates of origin issued by the competent Sri Lankan authority barred denial of customs exemption, because the certificates had not been withdrawn, cancelled, or amended. Indian customs could not re-open or re-assess the foreign valuation merely on the assumption that the declared value of inputs was understated or that the 35% value addition requirement was unmet. The record did not establish failure of the origin condition under Rule 7, and the reports relied on did not discredit the certificates. The order confirming duty, confiscation, and penalties was therefore unsustainable. Case-Laws Customs Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351377