Home Case Index All Cases Customs Customs + AT Customs - 2018 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (9) TMI 50 - AT - CustomsValuation of imported goods - rejection of transaction value - Imposition of Redemption Fine and penalty - Held that:- Department has rejected the transaction value on the basis of the Chartered Engineer’s report, who admits that the goods imported by appellant are only scrap but scrap was in the kind of ‘Tread’, ‘Taste’, and ‘Troma/Trump’ etc. and on that basis valuation of the goods have been arrived on the basis of contemporaneous import. As nothing has been brought on record, how the examination was done by the Chartered Engineer to find out how much is the quantity of ‘Tread’, ‘Taste’ and ‘Troma/Trump’ are not scrap. In that circumstances the findings of the Chartered Engineer with regard to the valuation of the goods is not acceptable in the absence of any market survey - redemption fine and penalty is not imposable upon the appellant - appeal allowed - decided in favor of appellant.
|