2016 (1) TMI 723 - SCH - Customs

Valuation of import of goods - Rejection of transaction value - Exclusion of over-riding commission - Tribunal in 2014 (9) TMI 948 - CESTAT MUMBAI has observed that, merely because a lower price is charged, it cannot be held that the transaction value can be rejected unless there is evidence of additional consideration of flow back to the foreign supplier - Apex Court did not see any good ground to interfere with the judgment and order passed by the Tribunal. - Revenue appeal dismissed.

Summary

The Supreme Court in 2016 (1) TMI 723 - SC Order, with judges H.L. Dattu and Amitava Roy, dismissed the appeal against the judgment of the Customs Excise & Service Tax Appellate Tribunal, West Zonal Bench, Mumbai in Appeal No. C/1278/12-Mum, dated 25-9-2014. The delay was condoned. Shri Ranjit Kumar, the learned Solicitor General, represented the appellant.