2015 (12) TMI 645

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.... the Respondent. ORDER The dispute in the present appeal relates to the assessable value of the Ball Valve (Brass Bib Clock), imported by the appellant, who filed a bill of entry dated 3-6-2009, by declaring the value as 0.16 US$ per piece. The total value of the consignment was declared as Rs. 7,33,812.67. 2. Admittedly, the goods were unbranded and assorted goods and as observed by the a....

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.... no evidence on record to indicate that the transaction value of the imported goods is not correct. Revenue has not bothered to collect any evidence to first reject the transaction value. In fact, the adjudicating authority has not even doubted the transaction value and has simplicitor adopted the assessable value, as opined by the Chartered Accountant. 5. We also find that the supplier of t....