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2017 (5) TMI 650 - CESTAT HYDERABADValuation - second hand machine - Cone Machine - Chocolate Depositing Plant and Lentil Plant - Held that: - there were no procedural irregularities in arriving at the assessable value of the impugned goods. The authority, in the impugned order, has gone into all aspects of the case and has arrived at well reasoned findings. - There is no dispute that the local Chartered Engineer did not have any credentials or was not recognised for such work. Nonetheless. the importer did not want to accept the price assessed by the local Chartered Engineer and instead insisted on acceptance of value on the basis of foreign Chartered Engineer Certificate. In the end, the original authority has worked out the assessable value on the basis of manufacturer's value suggested by local Chartered Engineer, applied principles of depreciation as laid down by CBEC and arrived at the derived total value of ₹ 50,54,047/- as representing the assessable value for these goods. The quantum of redemption fine imposed on BBL and the penalties imposed on BBL and on Shri Lakhbir Mutchall are commensurate with their acts and omissions. Appeal dismissed - decided against appellant.
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