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Bhupinder Singh, Director & Super Threading India Pvt. Ltd. Versus C.C., New Delhi (ICD TKD)

Rejection of declared value by customs - import of high speed steel tape - Rule 8 of Customs Valuation (Determination of Value of Export Goods) Rules, 2007 – opinion sought by chartered engineer – Confiscation of consignments and levy of penalty - He .....

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gal provisions regarding determination of the assessable value for the customs purposes – confiscation and penalty set aside – enhancement of value upheld – appeal allowed – decided partly in favor of appellant. - Customs Appeal No.C/50030-50031/2016 .....

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A.R. & Mr. Rajiv Gupta, Commr. (A.R.) ORDER Brief facts of the case are that the appellant had exported the consignment containing 21 Nos. of high speed steel tape vide ARE-I No.57 dated 19.01.2012 valued at ₹ 22,00,278/- on payment of duty .....

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dated 08.11.2013 had opined that the value of the goods is ₹ 5,04,561/-. The Department initiated show cause proceedings against the appellant on the ground that the goods covered under the shipping bill dated 20.01.2012 are highly overvalued. .....

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signment as ₹ 5,04,565/- under Rule 5 of the said Rules; goods were confiscated under Section 113 (d) of the Customs Act, 1962 and redemption fine of ₹ 1,00,000/- was imposed in terms of Section 125 (i) of the said Act. Besides penalties .....

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ugned order dated 07.10.2015, upholding the adjudication order. Hence, the present appeal before the Tribunal. 2. The ld. Advocate appearing for the appellant submits that high speed steel tapes are specialized items and its export price cannot be eq .....

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