2007 (3) TMI 48

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....e 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 Kong) Ltd. in voiced the consignment t....

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....g, 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 case, the lower value declared in the invoi....