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2018 (8) TMI 183 - AT - CustomsValuation of imported goods - Aluminium Waste and Scrap - Rejection of declared value on the basis of a Circular issued by the Directorate General of Valuation being Circular LR No. 14/2005 dated 16.12.2005 - Held that:- In an earlier set of appeals of M/s Sanjivani Non Ferrous Trading Pvt. Ltd. [2017 (3) TMI 359 - CESTAT ALLAHABAD], the Tribunal has considered the identical issue, where it was held that The assessable value has to be arrived at on the basis of the price which is actually paid and in a case the prices is not sole consideration or if the buyers and sellers are related persons then after establishing that the price is not sole consideration the transaction value can be rejected and taking the other evidences into consideration the assessable value can be arrived at - appeal allowed - decided in favor of appellant.
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