2024 (4) TMI 1364

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.... the Appellant : Ms. M. Ramya Krishnan, Advocate For the Respondent : Mr. N. Satyanarayanan, Authorised Representative ORDER [Per Ms. SULEKHA BEEVI C.S.] Brief facts are that the appellant filed Bill of Entry for import of goods declared as used furniture. The value declared was US$ 4405 (FOB). The Department raised a doubt that the goods have been undervalued and appointed a Chartered....

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....son. The Department had appointed Chartered Engineer to appraise the value of the goods. The said Chartered Engineer is not an expert in the field of furniture and is an expert for machinery and equipment. The report filed by the Chartered Engineer is based on assumptions and presumptions and the calculations are merely hypothetical. Further, the Commissioner (Appeals) had held that the finding of....

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....yanan appeared and argued for the Department. The findings of the Adjudicating Authority was reiterated. The Ld. AR submitted that Chartered Engineer has been appointed by the Department to determine the value of the goods. The value has been enhanced only on the basis of such report. It is argued that there are no grounds to interfere in the impugned order. 4. Heard both sides. 5. The issue....

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.... hypothetical calculation and information collected from web portals. It is also stated that the enhanced value is arrived on the basis of his experience based on assumptions. There are no reasons stated to reject the transaction value and the value re-determined on the basis of report of Chartered Engineer is not legally correct. The rejection of transaction value and the enhancement of value req....