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2017 (5) TMI 644 - CESTAT MUMBAIValuation of exported goods - whether the appellate authority is correct in holding that invoice price for the goods exported and corroborated by bank realisation certificate is to be treated as value of the goods exported on which customs duty is payable or whether the value of the goods declared in the shipping bill at the time of exportation of the goods is to be considered as correct? Held that: - this bench has settled this issue in the case of Hira Steel Limited [2017 (1) TMI 11 - CESTAT MUMBAI], where it was held that, it is settled law that analysis of departmental laboratory, unless challenged, has to be accepted as true and correct. Since the value/price of the iron ore fines is based upon the Fe content of the consignment, the value was, in our opinion, correctly worked out by the lower authorities. - appeal allowed - decided in favor of Revenue.
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