2013 (12) TMI 464

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...., AR, for the Respondent. ORDER By this appeal, the appellant is challenging the enhancement of value of imported goods. 2. The brief facts of the case are that the appellant imported one Hippotronic make 375KVs 10000 KVs Routine Tester Model R 375-10000. The value of the said goods was declared as Rs. 2,60,79,210/- the supplier was Gauder. S.A. Rue De La Revision, 93 B-4032 Chenee (Liege....

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....he appellants negotiated with the price with the Belgium trader and negotiated the price of the impugned machine at 3.8 lakhs Euros. The appellant imported the machine declared the negotiated price in the Bill of Entry. At the time of import, the Belgium supplier also provided a Chartered Engineer certificate which shows that negotiated price is a reasonable price for the said machine. Then the Ch....

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....inable as the same has not been challenged by them in appeal before us. 7. Further, we find that as it is a second-hand machine and has imported by the appellant on negotiated price from the Belgium trader. The invoice price shown by the appellants has also been supported by two Chartered Engineers one from the supplier side and one appointed by the Revenue to ascertain the price of the importe....