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2018 (3) TMI 206 - AT - CustomsValuation of imported goods - rejection of transaction value - redemption fine - penalty - Held that: - original adjudicating authority has held tyhat various importers have imported the goods of same make, same country of origin at higher value than the value declared by the importer. For this reason declared values has been rejected in terms of Rule 12 of the Customs Valuation Rules, 2007 read with Section 14 of the Customs Act, 1962. He has however, held that goods cannot be fully compared with identical imports and hence their value cannot be determined by following the Rules 4, 5, 7 or 8 of the Customs Valuation Rules, 2007. There is no infirmity in the decision of the lower appellate authority upholding the enhancement of the value of the imported goods - also, the lower appellate authority has sufficiently justified the reduction of redemption fine and penalties. Appeal dismissed - decided against Revenue.
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