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Customs - Highlights / Catch Notes

Home Highlights September 2017 Year 2017 This

Valuation of imported goods - magnets of various grades and ...


Department's New Per Kilogram Valuation for Imported Magnets Sparks Concerns Over International Compliance and Fair Trade Practices.

September 5, 2017

Case Laws     Customs     AT

Valuation of imported goods - magnets of various grades and sizes - contemporaneous import - it is not understood how and why the department has chosen to adopt per kg method of assessment if that is not the internationally accepted practice by foreign sellers and by the importers in India.

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