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Customs - Highlights / Catch Notes

Home Highlights June 2022 Year 2022 This

Valuation of imported goods - rejection of declared assessable ...

Customs

June 4, 2022

Valuation of imported goods - rejection of declared assessable value based on NIDB data - The value of the similar goods were obtained not only from other imports taken from NIDB data but also from the manufacturer’s price lists. Under these circumstances, we find nothing incorrect in the order-in-original rejecting the transaction value under Rule 12 re-determining the value as per Rule 5 and demanding the differential duty along with interest and the Commissioner (Appeals) upholding the same in the impugned order. - AT

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