2018 (2) TMI 1065

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....NICAL MEMBER Shri Pakshirajan, Asst. Commissioner(AR), For the Appellant Shri Ramesh Sharma, Consultant, For the Respondent Per : V. PADMANABHAN The appeal is filed by the Revenue against the Order-in-Appeal No.471/2016 dt. 30/06/2016. The respondent has been importing various goods such as I-Phones, I-Pad Mini, I-Pod Classic and other items bearing 'Apple' brand name from their relate....

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.... the present appeal has been filed by the Revenue. Stay application also has been filed praying for staying the operation of this order with the plea that the imports are recurring in nature. 2. With the above background, we heard Shri Pakshi Rajan, learned AR for the Revenue and Shri Ramesh Sharma, Consultant for the respondent. 3. After hearing both sides and perusal of records, we find th....

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....or the reason that the profit margin of goods when they were supplied from Apple Sales International, Ireland was very high and of the order of around 56.912% for I-Phones, 7.363% for I-Pad mini, and 2.88% for I-Pod classic. The original authority took the view that the goods were received by Singapore company from Ireland and subsequently supplied to the respondent. The profit margin of Singapore....