2024 (12) TMI 1472

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....THEW , MEMBER ( TECHNICAL ) And HON'BLE MR AJAY SHARMA , MEMBER ( JUDICIAL ) Ms Shamita Patel , Advocate for the appellant Shri Ram Kumar , Assistant Commissioner ( AR ) for the respondent ORDER PER : C J MATHEW These appeals of Banaras Beads Ltd have their genesis in dispute over enhancement of value of 'glass beads (rockiles)' that were imported against bills of entry no. 3030137/19.08.2013....

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....he basis of assessable value of 'contemporaneous imports' of 'similar goods' in the respective assessment were not to be faulted. 2. According to Learned Counsel for the appellant, the substitution of the declared value was not in consonance with the decision of the Hon'ble Supreme Court in Eicher Tractors Ltd v. Commissioner of Customs, Mumbai [2000 (122) ELT 321 (SC)] and the decision of th....

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....mbai)] that failure to furnish documents relied upon invalidated re-assessment. 3. Learned Authorized Representative submitted that the orders impugned before the first appellate authority had noted the relied upon bills of entry to be contemporaneous and, therefore, acceptable for the purpose of rule 5 of Customs Valuation (Determination of Value of Imported Goods) Rules, 2007. 4. Doubtlessly, ....

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....ed having regard to the quality, reputation and the existence of trade mark; (ii) produced in the country in which the goods being valued were produced; and (iii) produced by the same person who produced the goods being valued, or where no such goods are available, goods produced by a different person, but shall not include imported goods where engineering, development work, art work, design....