Supreme Court · 2007 INSC 533 · Decided 8 May 2007
Commissioner of Customs, Maharashtra v. M/S. Galaxy Entertainment (I) P. LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 2007 INSC 533 · [2007] 6 S.C.R. 133
- Case number
- CIVIL APPEAL No. 8667/2002
- Decided
- 8 May 2007
- Bench
- S.H. KAPADIA, B. SUDERSHAN REDDY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Customs Act
Headnote
Customs Valuation (Determination of Price of Imported Goods) Rules, 1988-Rule 4(1)-Customs Valuation-Import of 20-Lane Bowling alley- Inclusion of Technical and Installation fee in assessable value-Department's case that assessee undervalued the price of equipment and disguised part of cost and Installation Fee payable to subsidiary of the foreign supplier-Held: There was no undervaluation-Declared value of equipment was the proper negotiated price-Transaction value under Rule 4(1) is to be taken-Technical and Installation fee was post-clearance agreement to generate revenue
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