Supreme Court · 2010 INSC 756 · Decided 29 October 2010
Commissioner of Customs (Gen), Mumbai v. Abdulla Koyloth
- Court
- Supreme Court of India
- Citation
- 2010 INSC 756 · [2010] 13 S.C.R. 280
- Case number
- CIVIL APPEAL No. 1608/2005
- Decided
- 29 October 2010
- Bench
- D.K. JAIN, T.S. THAKUR (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Customs Act Section 14, 14(1)
Headnote
Customs Act, 1962: c Section 14(1) - Valuation of imported goods for purposes of assessment - Mis-declaration with respect to country of origin, quantity and value of imported items - However, Tribunal accepting the transaction value as declared by assessee - HELD: Price paid by an importer to ordinary course of commerce is to be. taken the transaction value in the absence of any special circumstances indicated in s. 14(1) of the Act and particularized in Rule 4(2) of 1988 Rules - In the instant case, the assessee admitted that there was difference between the items declared and
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