https://www.taxtmi.com/caselaws?id=385480 The Court held that the CIF value on the date of the invoice should determine eligibility for free import clearance, not the date of filing the Bill of Entry. The Petitioner, an importer of spices, was entitled to free clearance for Black Pepper as the CIF value on the invoice date met the threshold specified in the relevant notification. The judgment emphasized the importance of considering the invoice date for CIF assessment in import transactions, ensuring compliance with customs regulations. The Writ Appeal was dismissed, affirming the Writ Court's decision in favor of the Petitioner. en-us Tue, 20 Aug 2019 00:00:00 +0530 Mon, 06 Jan 2020 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385480 The Court held that the CIF value on the date of the invoice should determine eligibility for free import clearance, not the date of filing the Bill of Entry. The Petitioner, an importer of spices, was entitled to free clearance for Black Pepper as the CIF value on the invoice date met the threshold specified in the relevant notification. The judgment emphasized the importance of considering the invoice date for CIF assessment in import transactions, ensuring compliance with customs regulations. The Writ Appeal was dismissed, affirming the Writ Court's decision in favor of the Petitioner. Case-Laws Customs Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385480