2015 (1) TMI 492 - SCH - Customs

Valuation of goods - Export of Porcelain Mugs - Inflated value of goods - claim of higher export incentives - main contention of the appellants is that the goods exported by them are branded and tailor-made as per the requirement of the buyer in U.K. and obviously such goods would fetch higher price - Supreme Court admitted appeal filed by the appellant against the order of Tribunal 014 (12) TMI 812 - CESTAT MUMBAI after drawing their attention to the case Commissioner of Customs New Customs House Mumbai v. Vishal Exports Overseas Ltd. 2007 (2) TMI 4 - SUPREME COURT OF INDIA .

Summary

The Supreme Court of India issued an order in 2015 (1) TMI 492 - SC, with Justices Madan B. Lokur and C. Nagappan. The court admitted Civil Appeals and issued notice on the application for stay. The judgment in Commissioner of Customs, New Customs House, Mumbai v. Vishal Exports Overseas Ltd. [(2007) 9 SCC 168] was referenced by the appellant's counsel.