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2016 (6) TMI 66 - AT - CustomsConfiscation of goods and imposition of penalty - Import of old and used photocopier machines of Cannon brand - Enhancement in the value of imported goods - Held that:- it is a settled law that in terms of provisions of Rule 3 of the Customs Valuation Rules, the transaction value has to be accepted as the correct assessable value unless country evidence is available to show that the payments made by the importer to the exporter stand influenced by the other compelling circumstances. In view of the fact that Revenue has not advanced any evidence to show that transaction value was not correct and has in fact have not rejected the transaction value and in view of clear legal position as emerging from the various decisions of Supreme Court and Tribunal, we are of the view that transaction value was required to be adopted as correct assessable value. Accordingly, the impugned order is set aside. - Decided in favour of appellant with consequential relief
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