Rejection of Invoice Price of Imported Goods and Enhancement of Value should be Done in Accordance with Rule 8 of Customs Valuation Rules: Supreme Court [Read Order]

By Shabna Rahim - On October 16, 2023 10:56 am - 2 mins read
Rejection - Rejection of Invoice Price - Imported Goods - Enhancement of Value - Value - Rule 8 of Customs Valuation Rules - Supreme Court - taxscan

In a recent case, the Supreme Court of India held that the rejection of invoice price of imported goods and enhancement of the value of the imported goods should be done under Rule 8 of Customs Valuation Rules,2007.  Ganpati Overseas, the respondent-assessee representing through its Proprietor Yashpal Sharma had imported tunes from Hong Kong and…

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