2007 (3) TMI 48

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....cord. 2. The dispute is about the valuation of a consignment of electronic items imported by the appellant. 3. The consignment arrived India under invoice and packing lists of M/s Larry International, Hong Kong When investigations were carried out in Hong Kong, it was found that the goods were of China origin and had been sold to M/s. Selvel (Hong Kong) Ltd. on 12-3-2000, M/s. Selvel (Hong K....

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..... to M/s. Larry International, Hong Kong, even though the nature of that transaction was only one of routing the sale to India through M/s. Larry International. Therefore, the customs authorities rejected that price and adopted the sale price of M/s. Selvel Hong Kong for the purposes of assessment. The present appeal challenges that action. 5. Given the facts and circumstances of the present ca....