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2016 (11) TMI 338 - AT - CustomsValuation - addition on the value of imports on the basis of subsequent agreement - Held that: - the valuation was finalized in respect of import made in the year 1980-81 and the value declared by the appellant was accepted. Subsequently by the order-in-original, the value was revised and the 20% was loaded on the basis of the agreement dated 26.3.1996 for the subsequent period. Even though this agreement was entered into by the appellant with the foreign supplier, but this agreement has not changed the circumstances prevailing at the time of import by the appellant. Therefore, only on the basis of this agreement, the value could not have been enhanced for the previous import - enhancement of the value by 20% on the basis of subsequent agreement is illegal and cannot be sustained - appeal allowed.
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