2017 (1) TMI 1274

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....or the Respondent - Shri B. Balamurugan, AC (AR) Per D.N. Panda: Learned counsel says that the demo piece of the imported goods cannot be presumed to be of commercial goods since that came for the purpose of procuring business. Accordingly, the adjudication made enhancing the assessable value to Rs. 8,23,637/- levying Additional Duty as well as redemption fine of Rs. 1,65,000 and penalty of ....

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....ods and that demonstrated that the goods imported has still life for the commercial utilization. Considering entirety of the matter, learned Commissioner (Appeals) held that Rule 8 was applicable. It appears that residual method was adopted for valuation. That is not contrary to lawn Accordingly, the valuation remained untouched by this order. 6. So far as redemption fine is concerned, for no m....