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Customs - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Rejection of declared value by customs - import of high speed ...

Customs

September 12, 2016

Rejection of declared value by customs - import of high speed steel tape - though enhancement of value is found to be sustainable, it is clear that there is no malafide or mensrea on the part of the appellant, when it declared the value in the Customs documents and the enhancement of value is the result of the legal provisions regarding determination of the assessable value for the customs purposes – confiscation and penalty set aside - AT

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