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2015 (8) TMI 1297 - MADRAS HIGH COURT

2015 (8) TMI 1297 - MADRAS HIGH COURT - TMI - Condonation of delay - Delay in filing an appeal before the Commissioner (appeals) - Valuation - related parties - Rule 2(2) of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 - inclusion of expenditure of royalty amount, technical know how fee and licence fee on account of the goods manufactured in India to the value of goods imported. - Held that:- According to the learned counsel for the petitioner, no show cause notic .....

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Perumal For Respondents: Mr. M. Santhana Raman, Senior Standing Counsel ORDER Challenging the order dated 03.02.2014, passed by the first respondent, the petitioner has filed the present writ petition. 2. The petitioner is a company incorporated under the Companies Act and carrying on business of manufacturing, assembling, marketing and selling of car accessories from the components imported from M/s.Kwang Jin Engineering Limited, Korea and M/s.Kwang Jin Vietnam Co., Vietnam. According to the pe .....

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der, by order dated 29.08.2013, the adjudicating authority rejected the declared value of the imported goods under Rule 12(1) and directed to add huge amounts paid towards use of LOGOs, royalty etc., to the invoice value at the time of assessment of bills of entry otherwise the importer shall make payment of duty on one time basis at the applicable rate of duty. Aggrieved against the same, the petitioner preferred an appeal before the first respondent. By the impugned order dated 03.02.2014, the .....

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