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2012 (8) TMI 350 - AT - CustomsDemand of duties - assessable value - higher value of identical goods - clearance of HCH brand ball bearing imported from China – Held that:- Assessing officer has loaded the value based upon the price list of HCH brand ball bearings after giving 30% discount as per the guidelines of Commissioner of Customs (Import) - there was no contemporaneous import showing import of identical goods at a higher value, the rejection of the transaction value was not justified - in the absence of any corroborative evidence of contemporaneous imports, the enhancement of transaction value is not in accordance with the law - assessing officer has not brought on record any evidence of contemporaneous imports – Demand set aside
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