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2010 (6) TMI 359 - CESTAT, CHENNAIValuation - related person - confiscation of goods - penalty of amount equal to evaded duty under Section 114A - importers had obtained the goods cheap, using their influence with the suppliers so that the project could be viable and that the suppliers had obliged them as they wished to procure bricks from the importer's factory at competitive rates in future - relationship certainly influenced the price - Held that: - uphold the enhancement of the value and the duty demand together with interest - Confiscation of goods covered by all bills of entry is sustained - Appeal is rejected
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