TMI BlogAmendment to Value of goods Imported after goods cleared from CustomsX X X X Extracts X X X X X X X X Extracts X X X X ..... An Importer received the goods from a Foreign Client, followed all the procedure as per Customs Rules, Paid all the necessary Duties and fees wherever necessary, goods were cleared and dispatched to h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is warehouse / factory. After a period of six months he received a debit note from the supplier showing that the Goods were erroneously undervalues in the Bills and he needs to settle the balance amo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unt payable as per his PO. Is there any procedure / Rule under which he can again pay the Duties / Fees in relation to the difference in Price / Value of Goods Imported, so that he will be eligible t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o claim the benefits that are available to him on Imports are also made available on this increased purchase value / Import Value of Goods. Please provide your guidance in the matter. - Reply By YAG ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AY AND SUN - The Reply = You may simply go to the Customs Department and disclose all the material facts, pay the duty along with interest. - Amendment to Value of goods Imported after goods cleared ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from Customs - Query Started By: - Vinay Kunte Dated:- 9-12-2015 Customs - Import - Export - Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ersonal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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