2025 (5) TMI 2021

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....hotovoltaic Cables & Solar Power Inverters and their accessories etc. from M/s Enfinity N.V., Belgium & M/s Enfinity Asia Acidic (Trading) Ltd., Hong Kong. Brief relevant facts as could be gathered from the OIA dt. 23.07.2014 are that M/s. Enfinity N.V. Belgium and M/s.Enfinity Asia Pacific (Trading) Ltd., Hong Kong are the foreign suppliers to the Indian company. The transaction between these companies were suspected to be related and hence in terms of Board's Circular No.11/2001 dated 23.02.2001, registration was made at SVB, Custom House, Chennai for examining the transaction between these parties. EDD at 1% to 5% was ordered to be enhanced on the assessable value during the period of this enquiry. 2.1 The Belgium Company was the parent....

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....e value. 4) With respect to import of accessories and other parts required for installation of solar power plant, it was ordered that loading may be done at the rate of 15% of the invoice value. 3. The Order-in-Original No.23952/2014 dated 17.02.2014 reveals at para 3 that the assessee denied having made any imports from their related supplier [contrary to their reply to Query 3]; still the Adjudicating Authority records that there were some imports from their related supplier - M/s Enfinity NV, Belgium. Para 7 also records the denial of any import of services during 2011-12. 4. Page 6 of the OIO captures various imports made by the assessee during 2011-12 and the interesting observations have been captured below Table-D, the essence of....