Home Case Index All Cases Customs Customs + AT Customs - 2010 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (7) TMI 708 - AT - CustomsValuation - Transaction value, rejection on suspicion that same underdeclared - Held that:- if value declared is rejected, Revenue should establish with details of contemporaneous imports of such or similar goods, that the price declared is not correct transaction value and the value has to be determined under CVR - Commissioner did not reject the transaction value for valid reasons in the absence of contemporaneous imports of comparable CTP machines at higher prices. - In view of the decision of Apex Court in CC, Calcutta v. South India Television (P) Ltd. (2007 -TMI - 1665 - SUPREME COURT OF INDIA), the revision of price, demand of differential duty and interest, confiscation of the impugned machine on the ground that the importer had mis-declared its value and consequent penalties are not sustainable. - Decided in favor of assessee.
|