Where purchase price fixed in first contract has been subsequently revised prior to importation of goods, then the Customs duty would be payable on revised price
Last updated: 22 December 2015
Court :
Apex Court
Brief :
The Hon’ble Apex Court held that price was genuinely revised & gets reduced by amending the MOA and there was nothing wrong on the part of the Appellant to declare the price in the BOE. Hence, Customs duty should be determined on the basis of assessable value declared in the BOE.
Citation :
Gupta Steel Vs. Commissioner of Customs, Jamnagar
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Bimal Jain
Published in Custom
Views : 2586
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