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Customs - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Valuation - Whether duty liability has to be determined on the ...


Supreme Court rules customs duty must be based on transaction value, not shore tank receipt quantity. Revenue's appeal dismissed.

May 13, 2016

Case Laws     Customs     SC

Valuation - Whether duty liability has to be determined on the basis of transaction value paid or payable for the supply of goods or the duty liability should be determined on the basis of the shore tank receipt quantity - Apex Court dismissed the revenue appeal - SC

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