Supreme Court · 2019 INSC 683 · Decided 17 May 2019
Century Metal Recycling PVT. LTD. and v. Union of India and Others
- Court
- Supreme Court of India
- Citation
- 2019 INSC 683 · [2019] 8 S.C.R. 639
- Case number
- CIVIL APPEAL No. 5011/2019
- Decided
- 17 May 2019
- Bench
- RANJAN GOGOI, DEEPAK GUPTA, SANJIV KHANNA (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Customs Act Section 14(1), 14
Headnote
Customs Valuation (Determination of Value of Imported Goods) Rules, 2007: rr.3, 12 - Appellants had been regularly importing aluminium waste as a raw material for manufacturing alluminium alloy - Case of appellants was that respondents- authorities discarded the recomputed the consignment value - Held: As per s.14(1) of the Customs Act, value of the imported goods shall be the transactional value of such goods, which means the price actually paid or payable for the goods when sold for export to India where the buyers and sellers are not related
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