2003 (9) TMI 221

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....e Assessed Value of Goods (Rs.) 1. ICD/26/02 13-5-02 336856 18-3-02 Blank Video Tapes US $ 0.78 (MRP Rs. 75/-) US $ 1.00 (MRP Rs. 100/-) 23,92,917/- 2. ICD/40/02 9-7-02 338790 10-5-02 Blank Video Tapes US $ 0.78 (MRP Rs. 75/-, 0.60 (MRP Rs. 65/-, 0.85 (MRP Rs. 85/-) US $ 1.00 (MRP Rs. 100/- 1.00 (MRP Rs. 100/- 1.40 (MRP Rs. 140/-) 23,01,022/- 3. ICD/51/02 9-8-2002 154903 20-6-02 Blank Video Tapes US $ 0.78 (MRP Rs. 75/-) 0.85 (MRP Rs. 85/-) 1.50 (MRP Rs. 150/-) 0.78 (MRP Rs. 75/-) US $ 0.95 (MRP Rs. 100/-) 1.10 (MRP Rs. 110/-) 1.50 (MRP Rs. 175/-) 1.00 (MRP Rs. 100/-) 22,94,927/- 4. ICD/56/01 5-7-01 2240235 17-4-01 Blank Video Tapes US $ 0.75 (MRP Rs. 75/-) US $ 1.29 (MRP Rs. 110/-) 25,24,442/- 5. ....

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.... are mostly consumer goods like blank video tapes, dry battery. Most of these imported goods were required to be marked with Maximum Retail Price (MRP) in terms of Notification No. 44 (R-2000) dated 24-11-2000 of the Director General of Foreign Trade. Therefore, those pieces had been affixed with stickers showing their MRP. While increasing the declared value for the purpose of assessing the goods to duty on ad valorem basis, the Customs Assessing Authority also enhanced (sympathetically) the declared MRP. 3. The appellants have challenged the orders of the assessing authority on the ground that valuation and assessment undertaken are entirely contrary to the legal provisions relating to valuation of imported goods and the decision of the ....