Enhancement of value of imported goods based on proforma invoice not valid: CESTAT Chennai

Oswal Metal Works Vs Commissioner of Customs (CESTAT Chennai) CESTAT Chennai held that a proforma invoice is in the nature of a quotation or offer and hence does not constitute valid basis for enhancement of value of the imported goods. Enhancement set aside since there is no evidence to show that there is flow back of amount. Facts- The appellant filed Bill of Entry for the clearance of ‘Globe’ brand and ‘Lucky’ brand padlocks. The value was declared at USD 6337.31 CIF. Another importer namely M/s. Gurudev Trading Co. also filed Bill of Entry for the same item. Both the imports were m...