Assessable value would be the transaction value where it isn’t influenced by the relationship between the buyer and the seller
Last updated: 21 December 2015
Court :
CESTAT, Mumbai
Brief :
Hon’ble Tribunal held there is no reason to differentiate between the cars imported under Carnet and the cars imported otherwise. Valuation under Section 14 of the Customs Act clearly provides that the value shall be the transaction value where the buyer and seller are not related.
Citation :
Dailmer Chrysler India Pvt. Ltd. Vs. Commissioner of Customs, New Delhi
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Bimal Jain
Published in Custom
Views : 2582
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