Provisional release of imported goods (apples) - The dispute centers on the valuation of the imported apples.

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..... he Bill of Entry for these goods was filed on November 11, 2023. Key Issues * Valuation Dispute: The dispute centers on the valuation of the imported apples in light of Notification No. 5/2023, which sets a minimum import price of Rs. 50 per kg for apples. * Legal Stay by Kerala High Court: The petitioner referenced a stay order by the Kerala High Court dated July 11, 2023, on Notificatio .....

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..... for Release: The court directed the respondents to provisionally assess the Bill of Entry No. 8733339 within four days and release the goods upon the petitioner furnishing a bond. Implications * Impact on Import Business: This decision has significant implications for import businesses, particularly those dealing with perishable goods. It underscores the importance of timely resolution of dis .....

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..... liance with potential future adjustments in valuation, safeguarding revenue interests. Conclusion The High Court's decision to allow the provisional release of imported apples, contingent on the furnishing of a bond, provides important guidance for importers facing similar regulatory challenges. It illustrates the judiciary's flexibility in addressing the nuances of international trade, .....

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