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2011 (10) TMI 424 - AT - CustomsValuation - re-determining the value of parts of wrist watches - Held That:- Bill of entry is dated 15-1-2006, whereas the applicants had imported watch dials throughout the period 2002 onwards. Watch dials are not standard items, and vastly vary based on number of factors like brand, size, finishing, quality etc. The price of one solitary consignment cannot be adopted to reject the transaction value of all the consignments imported by the applicants. Decoded in favour of assessee. Pre-deposit - Bank Guarntee of Rs 2 Crore during Investigation - Held That:- Further deposits to cause undue hardship. We direct the applicants to keep the bank guarantee alive during the pendency of the appeals.
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