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TMI Blog2012 (2) TMI 79X X X X Extracts X X X X X X X X Extracts X X X X ..... R Heard the learned Senior Counsel appearing on behalf of the petitioner and the learned counsel appearing on behalf of the respondents. 2. At this stage of the hearing of the writ petition, the learned counsel appearing on behalf of the petitioner had submitted that the petitioner would pay 30% of the differential duty for the release of the goods in question and for the balance a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessing authority to proceed with the assessment and to conclude the same, as expeditiously as possible, within a period of four weeks from the date of receipt of the said order. 4. In reply, the learned counsel appearing on behalf of the petitioner had submitted that the order, dated 24.3.2011, made in W.P.No.7091 of 2011, had been passed in view of the various contentions raised on be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... no case has been made that any amount is paid over and above the contracted price, nor relationship established, nor is it that the price paid has influenced by any extra commercial considerations, the transaction value cannot be rejected as per the Valuation rules. In absence of any contrary findings to the terms of the contract, the bonafide nature of the contract cannot be doubted that too when ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he assessment of customs duty.
7. Further, the third respondent, the assessing authority is directed to consider the claims made by the petitioner and to proceed with the assessment and pass an appropriate order, as expeditiously as possible, not later than eight weeks from the date of receipt of a copy of this order. The writ petition is ordered accordingly. No costs. X X X X Extracts X X X X X X X X Extracts X X X X
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