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Customs - Highlights / Catch Notes

Home Highlights March 2024 Year 2024 This

Levy of customs duty - Aviation Turbine Fuel (ATF) - ...

Customs

March 1, 2024

Levy of customs duty - Aviation Turbine Fuel (ATF) - confiscation u/s 111 (f) (j) and (m) - penalty - ATF was held liable for confiscation, but since goods were not physically available, redemption fine was not imposed. - Tribunal upheld the decision, emphasizing that redemption fine couldn't be imposed on non-existent goods. - Regarding valuation, the Tribunal affirmed previous rulings that freight, insurance, and landing charges need not be included in ATF's assessable value.

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