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2022 (4) TMI 376 - AT - CustomsValuation of imported goods - mixed lot of Polyester Knitted Fabric (Rolls of Assorted Colours & Weight) - enhancement of value on the basis of contemporaneous goods - Adjudicating Authority found the goods as per declaration but without assigning any reason loaded the proposed loaded the assessable value - HELD THAT:- The facts of the case are not in dispute that the Adjudicating Authority sought to load the value on the basis of assessed value available of the similar goods. The value is to be adopted for contemporaneous goods of assessed value and not declared value. In appellant’s own case, M/S. SEDNA IMPEX INDIA PVT. LTD. GARG IMPEX VERSUS CC, FARIDABAD [2016 (10) TMI 517 - CESTAT CHANDIGARH] this Tribunal has held that the value of imported goods in question cannot be enhanced on the basis of DRI alert and the basis of assessed bill of entry in question, therefore the impugned orders are set aside. Thus, the assessed value of bill of entry of similar goods cannot be the basis of enhancement of declared value by the appellant. In fact it should be transaction value - appeal allowed - decided in favor of appellant.
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