Customs Valuation Rules, 2007

Supreme Court Upholds Customs Valuation: Global Technologies Loses Appeal (March 15, 2024)

/ Customs Act, 1962 with Section 129A, Customs Act, 1962 with Section 14, Customs Law, Customs Valuation Rules, 2007

Supreme Court Upholds Customs Valuation: Global Technologies vs. Principal Commissioner (2024) LEGAL ISSUE: Whether the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) was correct in upholding the rejection of declared assessable value of imported goods and imposing penalties for undervaluation. CASE TYPE: Customs Law Case Name: M/s Global Technologies and Research vs. Principal Commissioner […]

Supreme Court Upholds Customs Valuation: Global Technologies Loses Appeal (March 15, 2024) Read Post »

Supreme Court settles valuation of imported goods under Customs Act: Century Metal Recycling vs. Union of India (2019) INSC 481 (17 May 2019)

/ Constitutional Law, Constitutional Law with Article 226, Customs Act, 1962, Customs Act, 1962 with Section 14, Customs Act, 1962 with Section 18, Customs Valuation Rules, 2007, Deepak Gupta, Judges, Ranjan Gogoi, Sanjiv Khanna

Supreme Court on Customs Valuation: Upholding Transaction Value in Aluminum Scrap Imports Can customs authorities reject the declared transaction value of imported goods without proper justification? The Supreme Court of India addressed this critical question in a case involving the import of aluminum scrap. The Court clarified the procedure for customs valuation, emphasizing the importance

Supreme Court settles valuation of imported goods under Customs Act: Century Metal Recycling vs. Union of India (2019) INSC 481 (17 May 2019) Read Post »

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