1987 (10) TMI 72

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....n No. 697 of 1983 in which today we have delivered judgment and for [Page 459] the reasons recorded in that judgment, this petition must also fail. 2. The learned counsel appearing on behalf of the petitioners submitted that Section 3(2) of the Customs Tariff Act, 1975 is ultra vires because the Parliament was not competent to enact the legislation. It was urged by the learned counsel that Entr....

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....f Section 3 merely provides the mode of determining assessable value of imported goods for the purpose of levy of countervailing duty. Section 3(2) of the Act provides that assessable value is to be fixed by taking into consideration (a) the value of imported goods as prescribed under Section 14(1) of the Customs Act, and (b) the basic customs duty paid on such imported goods. It is obvious that s....