2015 (11) TMI 603 - SCH - Customs

Valuation of goods - whether the value of condenser imported by the respondent is 4 per pipe as declared by the respondent- assessee or it is to be taken at 45.6 per piece which was declared by the Revenue - Held that - Tribunal rejected the case of the Revenue and further recorded that since no other evidence is produced by the Revenue to arrive at the transaction value, the value as declared by the assessee-respondent is accepted. These are mere findings of fact and no question of law arises for consideration. - Decided against Revenue.

Summary

The Supreme Court dismissed the appeal regarding the value of imported condensers, accepting the value declared by the assessee-respondent at $4 per pipe over the Revenue's declared value of $45.6 per piece. The Tribunal found the imported goods were from China, not Japan as claimed by the Revenue, and no other evidence was presented to support the higher value.