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2017 (5) TMI 738 - CESTAT MUMBAIValuation - loading of value of imported goods - Revenue claimed that the goods imported by the appellant needs to be valued by loading the same by 153.50% for the purpose of assessment under Rule 4(3) of the Customs Valuation Rules, 1988 on the ground that the importer-appellant having cross holding of shares with the exporter of the goods - Held that: - both the appeals, filed by the appellant-importer as well as by the Revenue, are shorn of any facts - the adjudicating authority has clearly recorded that there was a licence agreement between the importer-appellant and the supplier in respect of textile machinery, designs and patents, electric sample cutting and pinking machine polytex type etc., but there is no finding as to whether the appellant has imported the designs or machine itself or the products themselves - appeal allowed - decided in favor of importer.
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