2016 (1) TMI 956 - SCH - Customs

Valuation - Comparison - identical goods or similar goods . - The Customs, Excise and Service Tax Appellate Tribunal 2005 (8) TMI 501 - CESTAT, MUMBAI has, in these circumstances, rightly held that the goods manufactured and coming from China were not comparable with the similar goods in Italy and were not covered by the definition of identical goods or similar goods . - Apex Court dismissed the revenue appeal.

Summary

The Supreme Court dismissed the appeals as the goods imported by the assessee from China were not comparable to goods in Italy, Germany, and USA. The price declared by the assessee was not accepted, and the adjudicating authority relied on the price in Italy. The Customs, Excise and Service Tax Appellate Tribunal upheld this decision.