https://www.taxtmi.com/caselaws?id=388373 Freight forms part of the assessable value of imported goods under customs valuation, and the 20% notional freight rule applies only where actual transport cost is not ascertainable; on these facts, the higher freight was ascertainable and had to be included. The EPCG benefit remained available to the extent of the licence value despite the enhanced value not being originally declared. A demand under section 28 was maintainable, and the extended limitation period applied because the omission of part of the freight was treated as suppression of the correct value. Confiscation and redemption fine were set aside, as the clearance bond was linked to EPCG export obligations and not provisional release of seized goods. en-us Thu, 17 Oct 2019 00:00:00 +0530 Thu, 05 Nov 2020 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388373 Freight forms part of the assessable value of imported goods under customs valuation, and the 20% notional freight rule applies only where actual transport cost is not ascertainable; on these facts, the higher freight was ascertainable and had to be included. The EPCG benefit remained available to the extent of the licence value despite the enhanced value not being originally declared. A demand under section 28 was maintainable, and the extended limitation period applied because the omission of part of the freight was treated as suppression of the correct value. Confiscation and redemption fine were set aside, as the clearance bond was linked to EPCG export obligations and not provisional release of seized goods. Case-Laws Customs Thu, 17 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388373