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CA Final · Indirect Tax Laws · Valuation under the Customs Act, 1962

Kavita Gifts in Jaipur receives a parcel imported through an authorised courier. The courier presents to the proper officer the list containing particulars of the goods for assessing duty on 20 August. The tariff valuation changes on 22 August. Separately, Kavita sends goods abroad by courier, delivering them to the authorised courier on 25 August, while the export rate changes on 27 August, when the courier files the export documents. Under section 83, which pair of dates governs the import and export respectively?

The import is governed by 20 August and the export by 25 August. For courier imports, the date is when the authorised courier presents the list of particulars to the proper officer. For courier exports, it is when the exporter delivers the goods to the courier.

  1. A20 August for import; 25 August for exportCorrect
  2. B22 August for import; 27 August for export
  3. C20 August for import; 27 August for export
  4. DThe date of payment of duty for both import and export

Explanation

Under section 83(1), for goods imported by courier the rate and tariff value are those on the date the authorised courier presents the list of particulars to the proper officer: 20 August. Under section 83(2), for exports by courier it is the date the exporter delivers the goods to the authorised courier: 25 August. The options using later dates mix up the events.

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