Friday, 6 November 2015

Non-supply of import agreement suo moto by assessee can’t be regarded as suppression

Customs : Requirement of supply of contract/agreement would apply under section 17(3), read with rule 10(1)(b) of Import Valuation Rules, 1988, only on demand made by proper officer; therefore, non-supply of contract/agreement suo motu by assessee cannot be regarded as "suppression".

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