Invoice price is not sacrosanct But before rejecting the invoice price the department has to give cogent reasons for such rejection. Assessing Authority has to examine each and every case on merit for deciding its validity. DGOV circular cannot override the provisions of Valuation Rules.
GURU RAJENDRA METALLOYS INDIA PVT LTD VERSUS CC CESTAT AHMEDABAD decided on 29.05.20
#Customs Law Quick Bites-4
2 comments:
Such action by customs are not acceptable at all. If it happens, we can appeal to the level of tribunal to defend your values.
There is need also to pursue laid down valuation methods as prescribed by law
Rightly said sir
Post a Comment