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2017 (10) TMI 474 - AT - CustomsValuation of imported goods - semi-precious gems cubic Zerconia of all sizes from 1.00 mm to 3.00 mm - rejection of declared value - Held that: - The revaluation of the imported goods has been done by the duly constituted Committee by the Commissioner of Customs. The Valuation Committee was constituted in pursuance of Rule 9(1) Rule 6 and Rule 4(1) of Customs Valuation Rules and the opinion of experts were also obtained - out of the three members, majority of two members was from the trade who were expert in examining the grade, quality of stones and true prices thereof. Thus, the opinion of independent experts was duly obtained for arriving at the correct assessable value. It was also observed that Shri D K Bangad, apart from being an officer, was also a qualified stones expert and since he was not anyway involved in the investigation / adjudication of this case, he was also an independent Member - the valuation of the imported goods has been done as per law - appeal dismissed - decided against appellant.
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