Supreme Court Allows Appeal in Customs Valuation Dispute — Genuineness of Addendum Questioned. The court found the addendum to the Memorandum of Agreement lacked clarity and was self-serving, leading to the reinstatement of the original vessel value under the Customs Act, 1962....
The dispute arose from a Civil Appeal concerning the valuation of a ship imported by M/s. Atam Manohar Ship Breakers Ltd. The Memorandum of Agreement (MoA) dated 13th April, 1999, indicated a value of...




