Supreme Court · 2015 INSC 991 · Decided 29 April 2015
COMMNR. of Customs, New Delhi-Iv v. MIS.ARYAN Electronics
- Court
- Supreme Court of India
- Citation
- 2015 INSC 991 · [2015] 6 S.C.R. 252
- Case number
- CIVIL APPEAL No. 709/2005
- Decided
- 29 April 2015
- Bench
- A.K. SIKRI, R.F. NARIMAN (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Customs Act Section 14
Headnote
Customs Valuation Rules, 1988: rr.4, 5, 6, 10A - c Import of goods - Transaction value @ Rs.36 per piece declared by the importer-respondent - Rejected by the Commissioner (appeal) and invoking r. 6, he found thatin 10 instances given by department, prices mentioned therein varied from Rs. 73.94 D minimum of the said price fixed the transaction value at Rs. 73. 94 and confiscated the goods and imposed differential duty and redemption fine of Rs.20 lacs and penalty of Rs.5 lacs - Tribunal held that identical goods were imported @ Rs. 58 per piece and, therefore, there was no reason to
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