Supreme Court of India
Commissioner of Customs (gen), Mumbai v. Abdulla Koyloth
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
1 Supreme Court bench has cited this judgment.
What the Court ordered
We are of the opinion that the Tribunal needs to re-examine the entire matter afresh, particularly in. relation to the manner of valuation, redemption fine and penalty.
Judgment, page 16
From the 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 the vendor 0 in the 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
Authorities it was built on
- 2000 Mis. Eicher Tractors Ltd., Haryana v. Commissioner of Customs, Mumbai
- 2005 Commissioner of Customs, Mumbai v. M/s. Bureau Veritas and Ors.
- 2007 Commissioner of Customs, Calcutta v. South India Television (p) Ltd.
- 2009 M/s. Varsha Plastics Pvt. Ltd. & Anr. v. Union of India & Ors.
- 1995 Collector of Customs, Calcutta v. Sanjay Chandiram
- 2008 Commissioner of Customs, Mumbai v. M/s. J.D. Orgochem Limited
Where later benches applied it
Of those, 1 mentioned
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