https://www.taxtmi.com/forum/issue?id=116347 High customs valuation on imports can produce significant IGST on imports, causing accumulation of input tax credit when assessed customs value exceeds sale price. Advisers recommend investigating the basis for customs valuation, identifying goods by HSN and country of origin, confirming end use, and checking whether any additional duty has been levied to determine potential steps to challenge valuation or prevent further ITC accumulation. en-us Mon, 01 Jun 2020 21:52:31 +0530 Thu, 23 Jan 2025 15:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116347 High customs valuation on imports can produce significant IGST on imports, causing accumulation of input tax credit when assessed customs value exceeds sale price. Advisers recommend investigating the basis for customs valuation, identifying goods by HSN and country of origin, confirming end use, and checking whether any additional duty has been levied to determine potential steps to challenge valuation or prevent further ITC accumulation. Discussion-Forum GST Mon, 01 Jun 2020 21:52:31 +0530 https://www.taxtmi.com/forum/issue?id=116347