Guidelines for Assessment and Examination of Goods on weighment basis under the provision of the Customs Act, 1962

Guidelines for Assessment and Examination of Goods on weighment basis under the provision of the Customs Act, 1962 https://www.taxtmi.com/circulars?id=62649 Deviation bands govern weighment-based assessment: up to 1% variance ignored; 1%-5% variance requires inclusion of the excess goods' value in assessable value and manual recovery of differential duty at the Customs House cashier with departmental comments and register entry, without initiating adjudication; variance exceeding 5% will trigger adjudication under applicable law. Marble blocks, slabs and restricted goods are excluded and continue to be dealt with according to law. en-us Fri, 12 Apr 2019 00:00:00 +0530 Tue, 01 Oct 2019 15:41:00 +0530 TaxTMI RSS Generator Guidelines for Assessment and Examination of Goods on weighment basis under the provision of the Customs Act, 1962 https://www.taxtmi.com/circulars?id=62649 Deviation bands govern weighment-based assessment: up to 1% variance ignored; 1%-5% variance requires inclusion of the excess goods' value in assessable value and manual recovery of differential duty at the Customs House cashier with departmental comments and register entry, without initiating adjudication; variance exceeding 5% will trigger adjudication under applicable law. Marble blocks, slabs and restricted goods are excluded and continue to be dealt with according to law. Circulars Customs Fri, 12 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62649