Transaction value u/s. 4 of Central Excise Act applicable on import of goods for use in industry

Amar Radio Corporation Vs Commissioner of Customs (CESTAT Bangalore) CESTAT Bangalore held that import of brushless DC/Axial fans meant for use in electronic industry should be valued at Transaction Value under Section 4 of Central Excise Act and accordingly, demand of Countervailing Duty on the same unsustainable. Facts- The issue in the present appeal is whether the appellant who had imported brushless DC/Axial fans meant for use in electronic industry for manufacturing electronic equipment like, medical equipment, inverters, control panels, etc., are excisable to Countervailing Duty (CVD) o...