2015 (10) TMI 1775

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....Kumar, Adv. Mr B V Niren, Adv. & Mr B Krishna Prasad, Adv For the Respondents : Mr Kavin Gulati, Sr Adv., Mr Deepta Kirti Verma, Adv., Mr Dilip Mamtora, Adv. & Ms Neha Sharma, Adv ORDER The respondent imported Zinc Die Cast Scrap and claimed classification under Chapter Sub-Heading 7902.00 of the Customs Tariff Act, 1975. A Bill of Entry denoting value at Rs. 10,04,792/- was filed with th....

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....ms Act, 1962 (hereinafter referred to as 'the Act'). A detailed valuation report was obtained from an expert valuer to ascertain the value of fittings which was ascertained at Rs. 68,17,235/-. Furthermore, during the course of investigation on the date of seizure itself, statement of one of the partners of the Customs House Agent Firm and the Proprietor of the respondent was recorded un....

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.... respondent herein holding that what was imported was nothing but scrap and further it was sold as scrap even by the Department and in two rounds of auction the highest bids received for the same were Rs. 11,75,000/- and Rs. 13,55,555/-, therefore, the value of this scrap could not have been higher. After reading the inspection report which was obtained by the Department itself, we are convinced t....