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2017 (4) TMI 1307 - AT - CustomsValuation - adoption of NIDB value - Held that: - admittedly, the imported chemical having not been identified with any particular quality or grade, can be compared to similar item imported during the same period, from the same country. When comparable transaction level is taken into consideration, there cannot be any illegality in adopting the price for assessment. In the present case, we are dealing with a defined chemical with no evidence of variation in grade or quality. In such situation, a difference of almost 500% in value cannot be brushed aside. Appeal dismissed - decided against appellant.
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