2009 (8) TMI 1213

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....C.S. Bhadoria, Advocates, for the Respondent. ORDER Order sheet reveals that despite repeated opportunities, respondents have not filed their reply/counter affidavit. Mr. Mukesh Anand, Advocate, who appears for the respondent states that the matter is covered by the judgment of the Supreme Court in Varsha Plastics Private Limited v. Union of India, 2009 (235) E.L.T. 193 (S.C.). In the said c....

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....has read down the impugned Standing Order purely as instructions or guidelines and not mandate or command for being obeyed in each individual case of assessment before them. The High Court further held that Standing Order is to be taken only as an assistance in exercise of the quasi-judicial power of determining value for the purpose of levying of customs duty. We agree with the view of the High C....

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....Insofar as the reference to PLATT's Price Report or other reputed financial journals which are indicators of international prices for the value of imported goods for the purpose of Section 14(1) is concerned, suffice it to observe that once transaction value is rejected on valid grounds, the Customs Authority has to proceed to determine the value of goods by following Customs Valuation Rules and o....

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....is-declaration in respect of valuation of goods or description or where transaction value of the goods declared is ridiculously low, which of course the Assessing Authority has to justify, he must proceed to determine valuation of goods by following Customs Valuation Rules. The availability of evidence of contemporaneous import of the same goods obviously provides the best guide for determination ....