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2019 (10) TMI 422

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..... imported goods in terms of Valuation Rules, Revenue is under an onus to establish that the transaction value agreed upon between the importer and the supplier of the goods was not reflecting the agreed transaction value. Revenue is required to produce evidence to show that the agreed upon price was not the sole criteria for supply of the goods and there was some under-hand transactions. In the abs .....

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..... NIL G. SHAKKARWAR, MEMBER (TECHNICAL) Request for Adjournment for the Appellant Shri Mohd. Altaf, Authorised Representative for the Respondent ORDER PER: ARCHANA WADHWA After rejecting the request for adjournment, we proceed to decide the appeal itself inasmuch a short issue covered by precedent decisions is involved. Accordingly, we have heard learned A.R. appearing for the Revenue and have gone .....

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..... reflecting the agreed transaction value. Revenue is required to produce evidence to show that the agreed upon price was not the sole criteria for supply of the goods and there was some under-hand transactions. In the absence of the same, the enhancement proceeding cannot be initiated against the importer. 4. Admittedly in the present case Revenue has not rejected the transaction value. The Hon ble .....

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