https://www.taxtmi.com/highlights?id=78371 The case involved valuation of imported goods for duty levy and denial of CVD exemption. The issue was whether to consider declared value or actual payment to High Seas Seller. Tribunal held that exchange rate on Bill of Entry date applies. Citing precedents, it confirmed exchange rate relevance. CVD exemption was granted as appellant used goods as fertilizers. Demand for differential duty was set aside. Appeal allowed. en-us Tue, 11 Jun 2024 07:56:07 +0530 Tue, 11 Jun 2024 07:56:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=78371 The case involved valuation of imported goods for duty levy and denial of CVD exemption. The issue was whether to consider declared value or actual payment to High Seas Seller. Tribunal held that exchange rate on Bill of Entry date applies. Citing precedents, it confirmed exchange rate relevance. CVD exemption was granted as appellant used goods as fertilizers. Demand for differential duty was set aside. Appeal allowed. Highlights Customs Tue, 11 Jun 2024 07:56:07 +0530 https://www.taxtmi.com/highlights?id=78371