New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
CGST - Acts + GST Rates GST Ntf. GST Forms GST - Manual GST - FAQ State GST Acts SGST Ntf. I. Tax Manual
Extracts
Home List
← Previous Next →

Union of India & Another Versus M/s Jayshree Metal Corporation

2015 (325) E.L.T. 210 (SC) - Valuation - Zinc Die Cast Scrap imported; claimed classification under Chapter Sub-Heading 7902.00 On examination, very few pieces were found to be scrap and balance all items were found to be unused and they were serviceable High Court held that the imported goods are nothing but scrap and valued the same as per the highest bid received. - Seizure and confiscation of goods under Section 111(d) and 111(m) of the Customs Act, 1962

Held That:- After read .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Mr K Radhakrishnan, Sr Adv., Ms Sunita Rani Singh, Adv., Mr Rupesh Kumar, Adv. Mr B V Niren, Adv. & Mr B Krishna Prasad, Adv For the Respondents : Mr Kavin Gulati, Sr Adv., Mr Deepta Kirti Verma, Adv., Mr Dilip Mamtora, Adv. & Ms Neha Sharma, Adv ORDER The respondent imported Zinc Die Cast Scrap and claimed classification under Chapter Sub-Heading 7902.00 of the Customs Tariff Act, 1975. A Bill of Entry denoting value at ₹ 10,04,792/- was filed with the Customs Department and alon .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nce all items were found to be unused and they were serviceable. The entire consignment was placed under seizure under a reasonable belief that the same was misdeclared for description and value and were liable for confiscation under Section 111(d) and 111(m) of the Customs Act, 1962 (hereinafter referred to as 'the Act'). A detailed valuation report was obtained from an expert valuer to ascertain the value of fittings which was ascertained at ₹ 68,17,235/-. Furthermore, during the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version