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2018 (3) TMI 1855 - AT - CustomsValuation of imported goods - zinc skimmings - enhancement of declared value, without rejection of transaction value - case of appellant is that no valid reasons have been given by the assessing officer to enhance the value - HELD THAT:- Without rejecting the transaction value, it was not fair on the part of the Revenue to enhance the same. The appellate authority also observed that there was not a single contemporaneous evidence of comparable import noticed by the Custom House and as such the value enhancement was unjustified. Admittedly, the quantity imported by the respondent was a bulk quantity and they had entered into a negotiated price with their foreign supplier for huge quantity of the goods. There is also no evidence on record to show that the value entered by the importer with the supplier of the goods is not the correct value - the value enhancement was not on the basis of any concrete evidence. Appeal dismissed - decided against Revenue.
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