2000 (7) TMI 310 - AT - Customs

Summary

The Appellate Tribunal CEGAT, New Delhi considered the assessable value of Telecommunication equipment imported by the appellant. The impugned order assessed the goods based on Price List due to highly discounted invoice prices and imposed penalties. The appellant argued that the importer and foreign suppliers are related, so valuation should be based on findings of the Special Valuation Branch. The Tribunal remanded the case to the SVB for final assessment based on investigations, setting aside the impugned order. If mis-declaration is found, separate proceedings may be initiated.