2015 (6) TMI 774

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....espondent : Mr. A. K. Panda, Sr. Adv. Ms. Shirin Khajuria, Adv. Mr. Arijit Prasad, Adv.Ms. Sushma Manchanda, Adv. and Mr. B. Krishna Prasad, Adv. ORDER The appellant herein had imported jumbo rolls from M/s Habasit Holding A.G. Switzerland for the manufacture of "endless belts". Bill of Entry was filed declaring the value as per the invoices raised by the seller company. It was discarded by ....

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....even if the appellant company and Swiss company were related persons, the transaction in question was on principal to principal basis and was at arms length and the price at which the goods in question were bought by the appellant was the market price of such goods at which these goods were sold and therefore, the appellant had not sought any advantage because of the relationship between the parti....

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....n the basic list price of S-251, A-2 grade materials towards cutting and joining. This extra 20% has been into account and adjusted by the original authorities to compare the prices charged to the respondents and other independent importers. This method adopted by the original authority is perfectly in order to arrive at a valid comparison between goods of the same grade and identification code in....

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....ced the price, valuation cannot obviously be done under the Transaction value method accepting the declared value. The original authority has therefore, rightly, in our view, rejected the declared value. He has ordered assessment after disallowing the extra 13.3% discounts by which an arms-length price, so to say, has been established which has inter alia taken into account the 20% extra cost invo....