TaxTMI 
TaxTMI 
1982 (3) TMI 255
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....ere imported without cover of valid import licence and therefore these were liable to confiscation but he has conceded that no definite evidence has been brought out by the defence to prove the case of undervaluation and accordingly this allegation was taken by him as not proved. 2. In the appeal it has been inter alia contended that the firm has been set up by an Engineering Graduate who had qualified in the field of Electronics in the U.S.A. and the firm had started manufacturing video cassette recorders out of the components permitted to be imported. Many of the video cassette recorders manufactured in this manner were also disposed of in the home market. Four consignments were imported permitting manufacture of 40+15 complete vide....
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....in the orders under appeal, six consignments had been imported by the appellants and cleared through the Customs. These were sets of plastic moulded housing for video, tape deck mechanism for video, plastic parts for video etc. Subsequent to the seizure two other importations had been affected and these are of colour picture tubes for video monitor and sub-assembly for video monitors. Out of the first six importations only video cassette recorders were assembled and manufactured. The parts required for the video were only plastic moulded housing and the tape deck mechanism whereas for the monitors other parts were required. He explained that because of this all the parts shown in the import licence were not imported initially. The Collector....