https://www.taxtmi.com/caselaws?id=792808 A preferential origin scheme required Local Value-Added Content to be computed under the prescribed FOB/CIF formula, and customs could not replace that statutory method with labour and handling charges. A Certificate of Origin issued by the designated foreign authority remained the foundational document unless the prescribed verification procedure was invoked, and the importer's duty was limited to producing that certificate. In the absence of wilful suppression, misstatement, or intent to evade duty, the extended limitation period and penalties were not attracted, and consequential duty demand could not stand. en-us Tue, 02 Jun 2026 00:00:00 +0530 Thu, 04 Jun 2026 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792808 A preferential origin scheme required Local Value-Added Content to be computed under the prescribed FOB/CIF formula, and customs could not replace that statutory method with labour and handling charges. A Certificate of Origin issued by the designated foreign authority remained the foundational document unless the prescribed verification procedure was invoked, and the importer's duty was limited to producing that certificate. In the absence of wilful suppression, misstatement, or intent to evade duty, the extended limitation period and penalties were not attracted, and consequential duty demand could not stand. Case-Laws Customs Tue, 02 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792808