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2013 (1) TMI 589 - CESTAT BANGALOREStay petition - Import goods like Smart Cards and Cards from parent company – Valuation of imported goods – Purchase from related party – Held that:- The transaction between the appellant-company and the parent company were at arms length and the supplies made to the Indian buyers were of personalised Sim Cards / Smart Cards. Differential duty would come out to Rs. 6.42 crores of which a sum of Rs. 5.2 crores stands deposited during the earlier proceedings including a sum of Rs. 2 crores paid during the course of investigation. We do not find any justification to waive pre-deposit of the balance of Customs duty demanded from the assessee. In favour of revenue
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