https://www.taxtmi.com/caselaws?id=385480 For eligibility to import black pepper free of restriction under the foreign trade notification, CIF value was to be assessed by reference to the invoice date, not the date of filing the Bill of Entry. The notification applied where the cost including freight exceeded the prescribed threshold, and the commercial invoice date, together with the exchange rate then in force, showed that threshold was crossed. Because the notification did not require valuation as on Bill of Entry filing, the invoice date was the proper reference point. The import therefore qualified for the notification benefit, and the challenge failed, leaving the direction permitting assessment and release of the goods undisturbed. 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 For eligibility to import black pepper free of restriction under the foreign trade notification, CIF value was to be assessed by reference to the invoice date, not the date of filing the Bill of Entry. The notification applied where the cost including freight exceeded the prescribed threshold, and the commercial invoice date, together with the exchange rate then in force, showed that threshold was crossed. Because the notification did not require valuation as on Bill of Entry filing, the invoice date was the proper reference point. The import therefore qualified for the notification benefit, and the challenge failed, leaving the direction permitting assessment and release of the goods undisturbed. Case-Laws Customs Tue, 20 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385480