Home Case Index All Cases Customs Customs + AT Customs - 2011 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (6) TMI 248 - AT - CustomsImport of a consignment of brass scrap - assessment was made provisional - it is settled law that the transaction value cannot be altered/loaded on the basis of values declared in stray imports when the quantity/quality is not comparable - The price quoted in the LME was based on the lots of 10 MTs, whereas the quantity imported in the instant case was 20.010 MTs - After giving marginal allowance towards quantity discount, the fair fob value will be worked out to more than the minimum price accepted by the department for contemporary imports - The fair value, therefore, was fixed under the best judgment assessment, under Rule 8 of the Customs Valuation (Determination of Price of Imported Goods) Rules, 1988 - After adjustment of duty paid provisionally, the balance amount recoverable was worked out and demanded .
|