2003 (12) TMI 364

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....Ms. Krishna A. Mishra, SDR, for the Respondent. [Order per : C.N.B. Nair, Member (T)]. - Appellant M/s. Cisco Systems (India) Pvt. Ltd. is a wholly owned subsidiary of M/s. Cisco Systems Management BV (Netherlands). The issue raised in this appeal is the valuation of goods imported by the appellant from its holding company. 2. Customs Authorities at Bangalore enhanced   the....

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....stigations are still going on. 4. Circular No. 11/01-Cus., dated 23-2-2001 lays down detailed instructions as to how valuation is to be carried out during the pendency of SVB Investigation. Paras 9 and 10 on the subject are reproduced below : "9. The amount of extra duty deposit presently kept at 1% will be continued. Board has however decided that if the importer does not furnish ....

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....ion." 5. It is clear from the above paras that only 1% extra duty deposit was required to be made by the appellant. That too is not required any more since investigation started in November 2002 has not been finalized within four months. The view taken in the impugned order is totally contrary to the instructions in the Board's Circular. Such a view is not sustainable. 6. In the li....