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Customs - Highlights / Catch Notes

Home Highlights July 2023 Year 2023 This

Valuation of imported goods - ‘deductive value’ method - various ...

Customs

July 8, 2023

Valuation of imported goods - ‘deductive value’ method - various types of cosmetics - the original authority has improperly proceeded beyond the preceding methods in the sequential enumeration. The first appellate authority, in endorsing the re-determination, had failed to take note of breach of this prescriptionin Customs Valuation (Determination of Value of Imported Goods) Rules, 2007. Accordingly, the resort to deductive value for assessment is incorrect. - AT

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