2018 (5) TMI 616

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....el Make duo processors of various series and declared a value of approximately Rs. 12 lakhs. The said transaction value was rejected by the lower authorities and redetermination of assessable value was interms of the provisions of Customs Valuation Rules, 1988. The Adjudicating Authority in the case in hand concluded that the quantity in description of the goods is based on the invoice wherein the quantity did not tally with the actual description of the goods in respect of the Intel core duo processors hence rejected the same as also on the finding that the invoices issued by the person other than manufacturer. After rejecting the transaction value the Adjudicating Authority re-determined the value as per the provisions and arrived at the ....

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....Rule 5 of the Customs Valuation Rules, 1988 reads as below: "(1) (a) subject to the provisions of Rule 3 of these Rules, the value of imported goods shall be the transaction of identical goods sold for export to India and imported at or about the same time as the goods being valued" Therefore the values of identical goods imported at the nearest to the time of import of the impugned goods was taken on the NIDB data available and the values adoptable are found to be as follows: Sl. No. Description of computer mother boards Quty. In Nos. Value as declared by Importer Rs. Value in respect of the quantity Rs. Value of identical goods as per NIDB Rs. Value in respect ....