Customs Authorities Cannot Use Arbitrary Loading as Rule 8 Prohibits Fictional Valuation

Rochi Ram & Sons Vs Commissioner of Customs (CESTAT Delhi) The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi, decided five connected appeals challenging an order passed by the Commissioner of Customs, Jaipur, which had rejected the declared value of imported watch parts and watch movements, re-determined their value, confirmed a differential customs duty demand of Rs. 5.53 crore with interest, confiscated the goods, imposed redemption fine, and levied penalties on the importer and other individuals. The appeals had earlier been remanded pending the issue of the Directo...