TaxTMI 
TaxTMI 
Amendment to Value of goods Imported after goods cleared from Customs
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....mendment to Value of goods Imported after goods cleared from Customs<br> Query (Issue) Started By: - Vinay Kunte Dated:- 9-12-2015 Last Reply Date:- 5-9-2016 Customs - Exim - SEZ<br>Got 1 Reply<br>Cus....
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....toms<br>An Importer received the goods from a Foreign Client, followed all the procedure as per Customs Rules, Paid all the necessary Duties and fees wherever necessary, goods were cleared and dispatc....
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....hed to his warehouse / factory. After a period of six months he received a debit note from the supplier showing that the Goods were erroneously undervalues in the Bills and he needs to settle the bal....
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....ance amount payable as per his PO. Is there any procedure / Rule under which he can again pay the Duties / Fees in relation to the difference in Price / Value of Goods Imported, so that he will be el....
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....igible to claim the benefits that are available to him on Imports are also made available on this increased purchase value / Import Value of Goods. Please provide your guidance in the matter. Reply ....
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....By YAGAY AND SUN: The Reply: You may simply go to the Customs Department and disclose all the material facts, pay the duty along with interest.<br> Discussion Forum - Knowledge Sharing ....