Case Law Details
Premier Trading Company Vs Commissioner of Customs (CESTAT Kolkata)
Introduction: The case of Premier Trading Company vs Commissioner of Customs, adjudicated at CESTAT Kolkata, revolves around the rejection of the declared unit value of imported goods. This article delves into the details of the case, examining the reasons for rejection, legal implications, and the final verdict.
Detailed Analysis:
i. Background of the Appeal: M/s. Premier Trading Company filed an appeal against the Commissioner of Customs Port, Custom House Kolkata, challenging the rejection of the declared unit value of their imported auto parts from China.
ii. Reasons for Rejection: The Commissioner rejected the declared unit value based on non-compliance with Notification No. 40 (RE2000) 1997-2002 and alleged undervaluation of specific goods like Radiators, Cylinder Block, Crankshaft, and Oil Pump.
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