2019 (7) TMI 1970

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.... For the Respondent : Shri. S.K. Shukla, Authorized representative ORDER RAJU This appeal has been filed by M/s Chintan Aluminum Pvt. Ltd. against order of Commissioner (Appeals) upholding revision of assessable value and consequent demand of Customs duty against appellant. 2. Ld. Counsel pointed out that the appellant had imported Aluminum foil scrap as per ISRI Specification three ....

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.... facts and circumstances of the case and hence the transaction value cannot be rejected. He argued that rejection of transaction value of relying on guidelines and LME prices are without authority. He further pointed out that the order in original has enhanced the value beyond the value earlier enhanced at the time of assessment of bill of entry. He pointed out that while assessment was done, B....

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.... Import Value/ Assessed Value (USD/MT) 01 105502 22.05.2006 2045 02 106096 15.06.2006 1780 03 106404 28.06.2006 2045 4.1 It is seen that the value declared by the appellant is to the range of 30% to the value of the contemporaneous import. It is seen that sub-rule 2 of rule 4 clearly prescribes the exception when the sale involves any abnormal discount....