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2014 (5) TMI 329 - CESTAT BANGALOREValuation - Assessable value - USD or INR on date of filing Bill of Entry - Exchange Rate – Certificate of MMTC – Held that:- Value has to be taken on the basis of USD as indicated at the time of filing the Bill of Entry - Further, ‘margin’ claimed by MMTC has increased compared to the original invoice margin taken at the time of filing Bill of Entry - This ‘margin’ has to be added to the assessable value worked out on the basis of exchange rate existing on the date of filing, the Bill of Entry – It is also noted that Insurance and LC Charges have not changed and only ‘margin’ is changed - Assessable value has to be worked out based on USD existing on date of filing the Bill of Entry to which the Insurance, LC Charges and Margin as shown in the final invoice have to be added - Insurance and LC Charges are shown in terms of USD that also to be added as on the date of filing the Bill of Entry and if not, as on the date of filing of final invoice - Actual margin charged in terms of Indian Rupees has to be added to the assessable value – Decided in favour of assesse.
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