Re-determination of value resorting to rule 7 of Customs Valuation Rule justified

Shree Shyam Enterprises Vs Commissioner of Customs (Import) (CESTAT Delhi) CESTAT Delhi held that re-determination of value resorting to valuation under Rule 7 of the Customs Valuation Rules justified on failure to advance any documents/ invoice to substantiate the value of goods. Facts- A specific intelligence was gathered by the officers of Customs (SIB) ICD (Import) that goods contained under Bill of Entry No 4873621 dated 12.04.2016 (RUD-1) to be grossly undervalued Accordingly, an Alert No.04/2016-17 dated 12.04.2016 was issued against the Bill of Entry No 4873621 dated 12.04.2016 filed b...