TMI Blog2017 (1) TMI 280X X X X Extracts X X X X X X X X Extracts X X X X ..... ₹ 14,31,953/- cannot recover the cost of purchase ₹ 9,14,756/- and the customs duty ₹ 16,93,136/-. From the above, it is obvious that the sale price does not include the entire customs duty. The same has been certified by the Chartered Accountant and in the Head of summary letter the Balance-sheet clearly reflects that the amount of refund of ₹ 10,66,690/- is due from the C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by the said order, the Revenue is in appeal before the Tribunal. 2. Learned AR for the Revenue argued that the invoices issued by the respondent do not show the sale price in violation of Section 28C of the Customs Act, 1962. It was argued by learned AR that since the invoices do not show the duty amount, the same cannot be relied by the Chartered Accountant to come to the conclusion that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3/-. The customs duty paid is ₹ 16,93,136/-. It is obvious that the sale price of ₹ 14,31,953/- cannot recover the cost of purchase ₹ 9,14,756/- and the customs duty ₹ 16,93,136/-. From the above, it is obvious that the sale price does not include the entire customs duty. The same has been certified by the Chartered Accountant and in the Head of summary letter the Balance-s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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