2023 (9) TMI 1398 - SCH - Customs

Valuation of imported goods - machinery oil /machinery lubricant oil - rejection of declared value - redetermination of value - Ash content in the samples - it was held by Tribunal that It is settled position of law that unless the transaction value could be established to be improper upon the finding that import invoices were either fabricated or fake or that any relationship exists between the importer and the exporter, the transaction value has to be accepted as correct value for assessment under Rule 3 of the Customs Valuation Rules, 2007. HELD THAT - There are no reason to interfere with the order(s) impugned in these appeals - appeal dismissed.

Summary

The Supreme Court dismissed the Civil Appeals as no substantial question of law arose. The order(s) impugned in the appeals were not interfered with. Pending applications were disposed of.