TMI Blog2017 (1) TMI 1275X X X X Extracts X X X X X X X X Extracts X X X X ..... ading any cogent evidence to the contrary. When Customs examined one Shri Jambulingam on 20.8.2004, identity of the real importer came to record. He was Arun Kumar. Neither the owner of the appellant-firm appeared against summons nor also co-operated during the investigation. Such modus operandi reveals that allegation of misdeclaration of the value could not be ruled out by appellant coming out w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y the investigation team. Bill of Entry disclosed ₹ 38,000 nos. of watches (with sweat band) were imported declaring the value thereof at ₹ 2,28,361/-. Investigation found that there was a misdeclaration of the value of the goods. Upon further investigation made, the team found the real importer who through his known channel had imported the goods and made the present appellant as fron ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... upport of its declaration of the declared value to prove that to be the transaction value. In absence of any material before the Customs authorities, they ascertained the value applying Rule 7 of the Customs Valuation Rule, 1988 read with Rule 10A thereof. 4. Heard both sides and perused the record as well as the grounds of appeal filed by appellant. 5. Appellant could not rule out that the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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