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Customs - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Overvaluation of export goods - There is no illegality in ...

Customs

November 19, 2020

Overvaluation of export goods - There is no illegality in conducting a local market survey to gather the valuation of the goods for the purpose of exercising power under section 110(1) of the Customs Act. - Once the officer had detected shortage of export goods and the market survey revealed that the goods were grossly overvalued, it cannot be said that the proper officer did not have ‘reason to believe’ that the goods were liable to confiscation under the provisions of section 113(i) of the Customs Act. - AT

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