![Valuation of Import Goods based on Value of Prime Material is not valid: CESTAT sets aside Computation based on LME Prices [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Valuation-of-Import-Goods-Import-Goods-Import-Prime-Material-CESTAT-Computation-LME-Prices-Customs-Excise-Service-Tax-Taxscan.jpg "Valuation of Import Goods based on Value of Prime Material is not valid: CESTAT sets aside Computation based on LME Prices [Read Order]")
Valuation of Import Goods based on Value of Prime Material is not valid: CESTAT sets aside Computation based on LME Prices [Read Order]
The Kolkata Bench of the Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that valuation of import goods based on the value...
![CBIC notifies Foreign Currency Conversion Rates for Import and Export of Goods effective from Today [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/03/CBIC-CBIC-notifies-Foreign-Currency-Conversion-Rates-Import-Import-and-Export-Taxscan.jpg "CBIC notifies Foreign Currency Conversion Rates for Import and Export of Goods effective from Today [Read Notification]")
![CBIC Notifies Customs (Assistance in Value Declaration of Identified Imported Goods) Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/01/CBIC-CBIC-Notifies-Customs-Rules-Customs-Rules-Customs-Imported-Goods-Value-Declaration-taxscan.jpg "CBIC Notifies Customs (Assistance in Value Declaration of Identified Imported Goods) Rules [Read Notification]")
![CBIC Notifies Levy of Anti-Dumping Duty on Semi-finished Ophthalmic Lenses Imported from China [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/12/CBIC-Anti-Dumping-Duty-Semi-finished-Ophthalmic-Lenses-Ophthalmic-Lenses-Imported-Taxscan.jpg "CBIC Notifies Levy of Anti-Dumping Duty on Semi-finished Ophthalmic Lenses Imported from China [Read Notification]")
![Customs: CBIC notifies ADD on Electrogalvanized Steel imported from Korea, Japan, and Singapore [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/10/Customs-CBIC-Notifies-ADD-Electrogalvanized-Steel-imported-TAXSCAN.jpg "Customs: CBIC notifies ADD on Electrogalvanized Steel imported from Korea, Japan, and Singapore [Read Notification]")
Denial of Input Rebate under MP VAT Act: HC cannot Entertain Writ Petition Challenging Assessment on Merits, rules Supreme Court [Read Judgment]
In a recent ruling, a two-judge bench of the Supreme Court has quashed an order of the Madhya Pradesh High Court wherein the High Court set aside an assessment order passed by the department denying...
![Denial of Input Rebate under MP VAT Act: HC cannot Entertain Writ Petition Challenging Assessment on Merits, rules Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/Denial-MP-VAT-Act-HC-Assessment-Merits-Supreme-Court-TAXSCAN.jpg "Denial of Input Rebate under MP VAT Act: HC cannot Entertain Writ Petition Challenging Assessment on Merits, rules Supreme Court [Read Judgment]")
Change in Business Model shall not be a Reason for Rejecting Transaction Value under Customs Act: CESTAT [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore bench has held that the change in business model shall not be s reason for rejecting the transaction value under the Customs...
![Change in Business Model shall not be a Reason for Rejecting Transaction Value under Customs Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Business-Model-Transaction-Value-Customs-Act-CESTAT-taxscan.jpeg "Change in Business Model shall not be a Reason for Rejecting Transaction Value under Customs Act: CESTAT [Read Order]")
Import of Crude Oil granted before the effect of Notification on enhancement of Duty Rate: Calcutta HC quashes Enhanced Duty charged [Read Order]
The single judge bench of Calcutta High Court quashed the enhanced duty rate charged on the import of crude oil, as it was imported before the effect of notification on the enhancement of duty rate. ...
![Import of Crude Oil granted before the effect of Notification on enhancement of Duty Rate: Calcutta HC quashes Enhanced Duty charged [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Import-crude-oil-notification-duty-rate-HC-taxscan.jpeg "Import of Crude Oil granted before the effect of Notification on enhancement of Duty Rate: Calcutta HC quashes Enhanced Duty charged [Read Order]")
Value of Supply under Foreign Currency Billing to be determined as per notified Exchange Rate: AAR [Read Order]
Uttarakhand AAR held that the value of goods supplied within India and billing is done in foreign currency, shall be determined under Rule 34 of Central Goods and Service Tax (CGST) Rules, 2017 and...
![Value of Supply under Foreign Currency Billing to be determined as per notified Exchange Rate: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Foreign-Currency.jpg "Value of Supply under Foreign Currency Billing to be determined as per notified Exchange Rate: AAR [Read Order]")
![FOB price cannot be treated as cum duty price under Customs Act: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Compounding-Offence-CESTAT-Taxscan.jpg "FOB price cannot be treated as cum duty price under Customs Act: CESTAT [Read Order]")
