2009 (3) TMI 101

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pendra Singh, Advocate, for the Respondent. [Order per : M. Veeraiyan, Member (T) (Oral) (for the Bench)].- This is a departmental appeal against the order of the Commissioner (Appeals) No. 63/Cus/Appeal/Ldh/05, dated 25-7-2005. 2. Heard both sides. 3. The respondent imported Lyera Spandex Yarn 78 DTEX XT 162 C Merge 10348 from Singapore and filed Bill of Entry No. 1765 dated 8-12-04 encl....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssessed at the declared value of US $ 13.25. The Section 14 of the Customs Act envisages, normally acceptance of the transaction value. When the transaction value is to be disregarded, the reasons for disregarding the transaction value have to be clearly spelt out. After giving reasons for rejecting the transaction value, the value has to be determined under the Valuation Rules by going sequential....