Supreme Court of India

Commissioner of Customs (imports), Mumbai v. M/s Ganpati Overseas through its Proprietor Shri Yashpal Sharma & Anr.

Neutral citation
Reported as [2023] 13 S.C.R. 172
Bench B. V. Nagarathna and Ujjal Bhuyan JJ.
Decided 6 October 2023

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.

From the headnote

Issue for consideration: Whether the tribunal was justifi ed in holding that enhancement of value of the imported goods and the penalties imposed by the Commissioner of Customs on the noticee-respondents could not be sustained and consequently in setting aside the same. Customs Act, 1962 – 14 – Customs Valuation (Determination of Price of Imported Goods) Rules, 1988 – r. 4, 8, 5, 6 and 7 – Transaction value of imported goods – Determination of – Allegations of un der- invoicing of price and thereby evasion of customs d uty by the respondents – Initiation of proceedings on the basis of the

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