Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
← back
Informative
Transaction Value Is Not The Only Basis For Assessment Of Duty: CESTAT
Excise, VAT & Custom
The CESTAT ruled that transaction value is not the only basis for assessment of duty. This means that other factors can be considered in determining the value for customs duty purposes. The ruling clarifies that customs authorities can consider various factors beyond the declared transaction value. This safeguards against undervaluation and ensures proper assessment of customs duties.
