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2015 (8) TMI 240 - SC - CustomsTransaction value of goods imported – fixation of price on contemporaneous import made by another firm – Held that:- when the Department doubted the valuation of the goods, as declared in the Bill of Entry, or for that matter in the invoice which was produced from the trader by showing the evidence to the effect that the same goods were imported at the same time at a much higher rate it was open to the Department to fix the transaction value on that basis. - We further find that respondent had imported 30,000 pieces only for which Bill of Entry was filed and not actual import of 90,000 pieces as accorded by Tribunal – Therefore, quantities also approximately same and there was not much difference between two – Impugned order of tribunal set aside – Decided in favour of Revenue.
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