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2017 (1) TMI 210 - AT - CustomsValuation - Misdeclaration of the quantity of goods “iron buttons and fittings” and the value thereof - value of goods enhanced based on contemporaneous imports value - whether enhancement of value sustainable? - Held that: - reliance placed on the decision of the case of Punjab Processors Pvt. Ltd. vs. CC, [2003 (9) TMI 86 - SUPREME COURT OF INDIA], where it was held that customs authorities while assessing value of imports, are not bound by the figures mentioned in the invoice and can rely on contemporaneous evidence to show that the invoice value is not correct - enhanced value justified - appeal rejected - decided against appellant-assessee.
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