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2018 (11) TMI 369
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....Dhillon, AR. - for the respondent ORDER Per Ashok Jindal: The appellant is in appeal against the impugned orders wherein the value of Ball Bearings imported by the appellants through filing bills of entry has been enhanced. 2. The brief facts of the case are that the appellant imported Ball Bearing as per the above said table and declared the transaction value of the same. The said tra....
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.... the basis of the circular of Commissioner of Customs (Import) is not acceptable without rejection of the transaction value in terms of Section 14 of the Customs Act, 1962. It was also submitted that the assessed value cannot be the base to enhance the transaction value. To support this contention, he relied on the decision of this Tribunal in the case of Sedna Impex India Pvt. Ltd. Reported in 20....
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....n the case of Sedna Impex India Pvt. Ltd. (Supra) and in the case of M/s Sanjivani Non Ferrous Trading Pvt. Ltd. (Supra) wherein both the cases, it was observed by this Tribunal that on the basis of DRI alerts valuation cannot be enhanced without following Customs Valuation Rules. 7. We find that for enhancement of value of imported goods, value is to be enhanced on the basis of Valuation Rules....
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.... the open court) ============= Document 1 M/S VARUN OVERSEAS S APPEAL NO. B/E No. & Date NO. Commodity Declared Price Assessed Price C/59795/2013 101937 Dt. 29.08.06 Ball Bearings 102366 Dt. 27.09.06 102448 Dt. 03.10.06 Price declared Price assessed Basis of Valuation Mumbai Cus Import From Differential Duty 3 Different 3,49,688 per uni....