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Issues involved: Valuation of imported goods of 'Sony' and 'Pioneer' brands, consideration of contemporaneous import evidence, permission to submit additional evidence, valuation contrary to standard values adopted in Bombay Customs House, confiscation of goods, imposition of redemption fine and penalty.
Valuation of Imported Goods: The case involved the valuation of 'Sony' and 'Pioneer' brand goods imported by the appellants from Dubai in May 2000. Customs authorities requested the manufacturers' invoice, which the appellants could not produce. The goods were provisionally assessed at Rs. 4,27,236/-, later enhanced to Rs. 11,35,838/-. The Tribunal remanded the case for fresh consideration, where evidence of contemporaneous import was rejected. An additional duty demand was set aside based on valuation norms from a letter by the Commissioner of Customs, Mumbai. Permission for Additional Evidence: A miscellaneous application sought permission to submit additional evidence, which was allowed, leading to the consideration of new materials in the case. Contrary Valuation and Standard Values: The appellants argued that the valuation adopted was inconsistent with standard values in Bombay Customs House. They referred to a circular from the Commissioner of Customs, Mumbai, which provided valuation norms for various brands of loudspeakers, including 'Sony' and 'Pioneer'. The Tribunal agreed that the valuation should align with the prices indicated in the circular, setting aside the duty demand. Confiscation and Penalty: The impugned order confiscated the goods, imposed a redemption fine of Rs. 1,75,000/-, and a penalty of Rs. 50,000/-. The appellants contended that these actions were unwarranted as they had declared the model numbers accurately, and the goods were properly identified by brand. The Tribunal agreed, finding no justification for confiscation and penalty, and thus allowed the appeal by setting aside the additional duty demand, confiscation, and penalty.
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