2018 (6) TMI 390

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....RCHANA WADHWA, MEMBER (JUDICIAL) And SHRI RAJU, MEMBER (TECHNICAL) Shri Anil Balani, Advocate for Appellant Shri Manoj Kumar, AC (AR) for Respondent Per: Raju These appeals have been filed by M/s Degmak Engineering Corpn., Hareshlal Bhatia, M/s Flow Fast Engineers (India), Manoharlal Bhatia and Ashok Bhatia against order of confirmation of demand and imposition of penalties. 2. Lear....

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....been alleged in the notice that M/ s Flow Fast Engineers was importing goods and supplying the same to Delhi Electric Supply Undertaking (DESU) through the intermediary namely, M/s Degmak Engineering Corporation. The proceedings seek to discard the declared assessable value of the goods imported by M/s Flow Fast Engineers (India) on the ground that M/s M/s Flow Fast Engineers (India) and M/s Degma....

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....at the entire case of the Revenue is based on application of Rule 7 (2) of the Customs Valuation Rules, 1988 and assessable value has been revised on the basis of the price at which the gods were sold by M/S Degmak Engineering Corporation to DESU. He argued that in absence of any ground for rejection of the declared value, proceedings to apply Customs Valuation Rules cannot be permitted. 2.2 He....