Uniform valuation of goods outside the purview of advance ruling procedure: CAAR

In re Sunmarg Consultancy LLP (CAAR Delhi) The Customs Authority of Advance Ruling (CAAR) in Delhi has recently rejected an advance ruling application filed by Sunmarg Consultancy LLP. The applicant sought clarification on the assessable value for calculating the basic custom duty and cess on rags proposed to be imported under HSN 6310. The application and the proceedings led to a definitive ruling, with implications on the uniformity of valuation practice across various ports. Analysis: 1. Application Details: Sunmarg Consultancy LLP applied for an advance ruling regarding the valuation of im...