Case Law Details
Global Technologies and Research Vs Principal Commissioner of Customs (Supreme Court of India)
Supreme Court held that transaction value of imported goods duly discarded/ rejected as it is found that there are imports of identical/ similar goods at higher value at around the same time.
Facts- The appellant assessee has been a regular importer of camera stabilizer devices for the last several years. The appellant assessee imported a consignment of camera stabilizer devices under a Bill of Entry dated 16th February 2018. On the basis of the Intelligence, the goods were examined 100% by SIIB officers. It was alleged that the goods were grossly undervalued. After taking representative samples, the goods were detained for further investigation.
Vide the order-in-original the adjudicating authority rejected the declared assessable value of the goods imported and assessed the value of the imported goods at Rs.66,18,575/-. The adjudicating authority ordered recovery of differential customs duty of Rs. 16,22,228/-.
The appeal preferred by the appellant before Commissioner of Customs (Appeals) was allowed. However, CESTAT restored the order-in-original passed by the adjudicating authority.
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Author Bio
