2017 (1) TMI 210

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..... f Punjab Processors Pvt. Ltd. vs. CC, [2003 (9) TMI 86 - SUPREME COURT OF INDIA], where it was held that customs authorities while assessing value of imports, are not bound by the figures mentioned in the invoice and can rely on contemporaneous evidence to show that the invoice value is not correct - enhanced value justified - appeal rejected - decided against appellant-assessee. - C/949/05 - A/9 .....

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..... upon the contemporaneous imports value and upheld the Order-in-Original. 5. In the grounds of appeal, the appellant has stated that the rejection of the refund claim of the appellant on fresh ground is bad in law; appellant is a manufacturer exporter of readymade garments, hence the buttons and fittings are imported against REP licence and transaction value was bound to be accepted since being .....

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..... o contemporaneous imports, the same needs to be rejected and enhanced to value of contemporaneous imports. In the case of Punjab Processors Pvt. Ltd. vs. CC, 2003 (157) ELT 625 (SC) , it was held that customs authorities while assessing value of imports, are not bound by the figures mentioned in the invoice and can rely on contemporaneous evidence to show that the invoice value is not correct. In .....

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