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2023 (9) TMI 1107 - AT - CustomsValuation of imported goods - PU belts on trans India basis - transaction value rejected by proceeding sequentially under Customs Valuation Rules and the value was determined as per best judgment assessment under Rule 9 adopting the value of similar goods imported within reasonable period of time - reliance based on contemporaneous imports - HELD THAT:- In the matter of M/S. SUMIT ENTERPRISES, M/S. LIBERTY ENTERPRISES VERSUS COMMISSIONER OF CUSTOMS, MUNDRA [2018 (12) TMI 447 - CESTAT AHMEDABAD] the period involved was contemporaneous and import was also of PU belts and the quantity was also of the same extent as in the instant case, where it was held that the enhancement of the value as held by the lower authorities, is not sustainable. There are no hesitation in following the above relevant decision of the same Bench (different constitution), which pertains to same product description, is of almost same quantity and of the same price range and of the same period to hold that the decision which were announced in the similar circumstances will substantively apply in the present matter also. Appeal allowed.
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