https://www.taxtmi.com/caselaws?id=394897 Retail sale price-based additional customs duty is attracted only when imported goods are intended for retail sale and the statutory retail sale price declaration requirement applies. Where goods are destined for industrial or institutional consumers, or are to undergo further processing or labelling before sale, that basis of assessment does not apply merely because the goods fall within a relevant schedule or may later be cleared under the central excise regime. In such cases, assessment must proceed on transaction value. The demand based on retail sale price was therefore unsustainable, and the order confirming differential duty, confiscation, redemption fine, and penalty was set aside. en-us Tue, 11 Feb 2020 00:00:00 +0530 Sat, 06 Feb 2021 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394897 Retail sale price-based additional customs duty is attracted only when imported goods are intended for retail sale and the statutory retail sale price declaration requirement applies. Where goods are destined for industrial or institutional consumers, or are to undergo further processing or labelling before sale, that basis of assessment does not apply merely because the goods fall within a relevant schedule or may later be cleared under the central excise regime. In such cases, assessment must proceed on transaction value. The demand based on retail sale price was therefore unsustainable, and the order confirming differential duty, confiscation, redemption fine, and penalty was set aside. Case-Laws Customs Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394897