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2021 (4) TMI 719 - AT - CustomsValuation - import of some spares and accessories related to the system filing appropriate bills of entry - import from a parent company by its subsidiary in India - importer and their foreign supplier are related persons in terms of Rule 2 (2) (v) of Customs Valuation Rules (CVR), 2007 or not - HELD THAT:- The Customs Valuation Rules, 1988 and the Section 14 as applicable prior to 2007 were not considered or applied to the main system by the Commissioner (Appeals) as was required. Both sides agreed that the issue needs to be remanded to the Commissioner (Appeals) to determine the valuation in terms of Section 14 and the Customs Valuation Rules, as applicable to each of the consignments - Appeal is allowed by way of remand.
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