Customs COURT DECISIONS and NOTIFICATIONS & CIRCULARS (Sept 2015)
COURT DECISIONS
COMMISSIONER OF CUSTOMS (IMPORT) VS M/S WINGS ELECTRONICS & ANR. [SUPREME COURT ]
BRIEF:
If the department fails to substantiate allegations with authentic
evidences & further fails to object during import involving
mis-declaration of country of origin by the assessee, re-opening of
assessment of the relevant year is not possible.
OUR COMMENTS:
In the above case, the Ho le Supreme Court held that revenue imposed
the demand of duty by relying upon the statements of Mr. K.M.Puri &
unauthenticated trade declaration copies produced by him, which were
unreliable. Further, no material was produced by the department
indicating payment by importer assessee based on alleged invoice showing
higher amounts. Further, the revenue imposed redemption fine on the
grounds of mis-declaration of country of origin as USA instead of
Australia by the assessee, but such fine was set aside by tribunal by
giving findings that declaration of country of origin were to be made by
supplier/exporter. If goods bore Australia marking, Appraising Officers
of Department should have objected at time of import. Since, no
objection was raised at time of import; assessments cannot be reopened
for valuation under guise of mis-declaration of country of origin. In
spite of serious allegation, no cogent material was available to
substantiate such allegations, which was result of shoddy and slip shod
investigation. Since, the matter pertains to year 1997, remitting the
matter back would be futile. Thus, appeal is dismissed as no question of
law involved.[Decided against Revenue]
NOTIFICATIONS & CIRCULARS
RATE OF EXCHANGE OF CONVERSION OF FOREIGN CURRENCY W.E.F. 4TH SEPTEMBER, 2015
OUR COMMENTS: The CBEC (Dept. of Revenue), Ministry of Finance, Government of India, in supersession of the Notification No. 81/2015-Customs (N.T.) dated 20th August, 2015, vide Notification No. 84/2015-Customs (N.T.) dated 3rd September, 2015 has determined the exchange rate of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa w.e.f. 4th September, 2015 as follows:-
AMENDMENT IN NOTIFICATION NO. 12/97-CUSTOMS (N.T.)
OUR COMMENTS:
The CBEC (Dept. of Revenue), Ministry of Finance, Government of India
vide Notification No. 85/2015-Customs (N.T.) dated 4th September,
2015has amended the Notification No. 12/97-Customs (N.T) dated 2nd
April, 1997 as follows:
In the said
notification, in the Table, against Sl no 10 relating to the State of
Rajasthan, after item (viii) and the entries relating thereto, in
columns (3) and (4), the following item and the entries shall
respectively be inserted, namely-
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