2012 PTD 1

Case Laws / Head Notes / Paras

---Interpretation of S.25-A, Customs Act, 1969---Determination of customs value of imported goods---Valuation advice dated 23-10-2009 issued under S.25-A of Customs Act, 1969, was made applicable by Assessing Authorities to the consignments of goods imported in April, 2010 under the respective goods declaration filed by the importers---By reliance on said advice, the Assessing Authorities rejected the declared valuation of imported goods and adopted the higher valuation---Validity---Section 25-A of the Customs Act, 1969 was amended during the course of hearing of petition---Section 25-A had conferred power on the valuation authority to pre-determine the valuation of imported goods on the principles laid down in S.25 of the Customs Act, 1969---Valuation advice issued under S.25-A of Customs...