2017 (9) TMI 1603

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..... e same and by invoking Rule 8 of the Valuation Rules redetermined the assessable value - Held that: - There should be reason to hold that the invoices filed with the Bill of Entry is not bonafide reflecting the true transaction value. Thereafter, evidence to the effect that the value of comparable goods can be considered under Rule 8 on satisfactory fulfillment of various criteria like similarity .....

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..... s for enhancing the value and to demand differential customs duty. The original authority reassessed the goods at ₹ 34,39,593/-. He ordered for confiscation with permission to redeem the goods on payment of ₹ 3.50 lakhs. A penalty of ₹ 1.50 lkahs has been imposed on the importer-appellant. 3. Ld. Counsel appearing for the appellant submitted that redetermination of assessable .....

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..... ings of original authority. He submitted that the invoices recovered by the officers of DRI during investigation with reference to another importer is for similar goods and hence original authority validly relied on the same and by invoking Rule 8 of the Valuation Rules redetermined the assessable value. 5. We have heard both sides and perused appeal papers. For rejection and redetermination of .....

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