S.K. Trading Co Vs Additional Commissioner Grade 2(Appeal)
Date: March 16, 2023
Subject Matter
Value of the goods in transit is to be determined in accordance with the provisions of Section 15
Summary
The case concerns the valuation of goods seized while in transit. Rule 138 of Chapter XVI of the CGST Rules provides for the valuation, and Explanation 2 clarifies that the consignment value of goods shall be the value declared in an invoice, bill of…
Heard learned counsel for the petitioner and learned Standing Counsel for the respondents. Present petition has been filed by the petitioners with the allegations that petitioner no. 1 placed an order for supply of mixed ready-made garments, which were being transported by petitioner no. 2. It is stated that on 13.09.2022 the goods while in transit were intercepted and a physical verification repo…