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2012 (12) TMI 108 - AT - CustomsTransaction value – alleged that value of the goods was significantly lower than the contemporaneous values, the adjudicating authority doubted the genuineness of the declared value and asked the appellant to provide further information – Held that:- To avoid delay, the importer can declare the higher value or can accept the enhanced value and in such cases, such value even if it is not a transaction value it will prevail - once the value enhanced is accepted, there is no need for any further action. Similarly, if the importer declares the higher value and if that is accepted by the customs authorities, naturally no case would be initiated or investigated - reliance of the adjudicating authority on contemporaneous price to reject the transaction value and to ignore the transaction value without considering the submission at all was not in order – in favor of appellants Detention charges – Held that:- Goods were neither seized nor detained is correct and therefore not giving any direction to the adjudicating authority for wavier of detention charges, is also correct
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