2017 (5) TMI 226

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....he Respondent ORDER Per V. Padmanabhan The appeal is against the OIA No.466/2007 dated 25.5.2007 passed by the Commissioner (A), Cochin. The appellant imported two consignments of 12 MT each of desiccated coconut from Sri Lanka vide Bills of Entry No.146600 and 146601 dated 17.8.2004 and declared the value of $ 400 per MT. Goods were provisionally assessed pending verification of value by....

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....e goods are for supply to the appellant. The adjudicating authority has blindly accepted the price as value without any further investigation. (ii) It is on record that only the price shown in the invoices declared with the bill of entry i.e., $ 400 per MT has been certified as paid by the bank. Consequently, it is the submission of the appellant that the rejection of the transaction valu....

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....mitted that the charge of undervaluation stands established. 6. The appellant imported desiccated coconut from Sri Lanka and filed two bills of entry as indicated above declaring the goods as valued at $ 400 per MT. However, the DRI carried out investigations with Sri Lankan Customs and procured copies of the documents filed by the supplier in Colombo to the Sri Lankan Customs pertaining to the....