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Commissioner Of Customs Nhavasheva Iii vs Ms Maharashtra Eastern Grid Power ... on 11 August, 2022
cites
The Customs Act, 1962
The Customs Tariff Act, 1975
Section 114AA in The Customs Act, 1962 [Entire Act]
Section 139 in The Customs Act, 1962 [Entire Act]
Section 111 in The Customs Act, 1962 [Entire Act]
Section 138 in The Customs Act, 1962 [Entire Act]
Section 138C in The Customs Act, 1962 [Entire Act]
Wipro Limited, Wipro Systems Limited ... vs The Assistant Collector Of Customs, The ... on 11 October, 2002
96. The Supreme Court in Wipro Ltd. vs. Assistant Collector of
Customs 27 noticed that under the unamended provisions of section 14
of the Customs Act, the principle was to find out the valuation of goods
"by reference to the value" and it introduced a determining / fictional
provision by stipulating that the value of all the goods would be the
price at which such or like goods are "ordinarily sold". However, under
the amended provisions, the valuation is based on the "transaction‟
price namely, the price "actually paid or payable for the goods". It is in
this context, that the Supreme Court observed: