2012 (5) TMI 571

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..... pondent. ORDER The respondent filed two bills of entry during August 2007 at ICD Tughlakabad, Delhi description as may be seen in the table below. Revenue increased the value declared for the goods by the importers. The extent of such loading is also shown in the table below :- Sl. No. Bill of Entry No. Date Description .....

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..... value. Aggrieved by the order of Commissioner (Appeals), Revenue has filed this appeal. 3. The Revenue contested that for goods with the description Off grade/substandard goods , transaction value cannot be accepted for assessment of goods. They also argue that as per Rule 10 of Customs Valuation Rules, manufacturer s price list was called for and no such document was produced by the importer. .....

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..... he Revenue that for substandard items, the transaction value has to be routinely rejected and value assessed based on value of contemporaneous imports. Since value of substandard goods depends on the market forces, there can be substantial variation. The declaration that the goods were substandard goods was not challenged by Revenue. In such a situation, to check as to what extent the goods were s .....

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