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Customs - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Restriction on import of Random Polished Marble Slabs - there is ...


Import of Marble Slabs Faces Violation Due to Exchange Rate Changes, CIF Value Below Required $60/sqm.

May 23, 2016

Case Laws     Customs     AT

Restriction on import of Random Polished Marble Slabs - there is no whiff of any deliberate misrepresentation and the goods were in violation of Exim Policy only marginally as the CIF value worked out to be only marginally less than US $ 60 per SQM and that too due to monthly exchange rate changes notified vide Customs Notification after the appellant obtained quotation for the goods on 10.09.2011. - AT

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