2015 (8) TMI 1067 - SCH - Customs

Supreme Court dismisses appeal over import goods valuation lacking evidence.

The Supreme Court dismissed an appeal where the Department demanded a higher value for imported goods without proper justification. The Tribunal found the ... Valuation of imported goods – Respondent filed Bills of Entry in respect of imported goods declaring value at US$ 305 PMT – Department was not happy with aforesaid valuation and thus issued show cause notice stating that value should be US$ 450 PMT – This demand under show cause notice was confirmed, against which respondent filed appeal which has been allowed – Held that:- appellant could not place any material to rebut observations of Tribunal in impugned order reported in - In absence of any documents or material showing value of import as claimed by Department, at that time, Department was not justified in demanding value of imported goods at US$ 450 PMT –Tribunal was justified – Decided against revenue. The Supreme Court dismissed an appeal where the Department demanded a higher value for imported goods without proper justification. The Tribunal found the Department's valuation unjustified as it lacked supporting evidence from contemporaneous imports. The appeal was dismissed, and no costs were awarded.