https://www.taxtmi.com/caselaws?id=790453 The valuation method for ex-works imports treated as FOB value was upheld as legally correct for inclusion of air freight in assessable value, but the extended limitation under section 28(4) of the Customs Act was not available because wilful suppression or misstatement was not proved. The importer's failure to declare local transport cost up to the port of export was treated as an oversight, and the record did not show any intent to evade duty. As the ingredients for extended limitation were absent, the consequential penalties under sections 114A and 114AA were also not sustainable. en-us Fri, 24 Apr 2026 00:00:00 +0530 Fri, 24 Apr 2026 16:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790453 The valuation method for ex-works imports treated as FOB value was upheld as legally correct for inclusion of air freight in assessable value, but the extended limitation under section 28(4) of the Customs Act was not available because wilful suppression or misstatement was not proved. The importer's failure to declare local transport cost up to the port of export was treated as an oversight, and the record did not show any intent to evade duty. As the ingredients for extended limitation were absent, the consequential penalties under sections 114A and 114AA were also not sustainable. Case-Laws Customs Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790453