Supreme Court of India
Commnr. of Customs, New Delhi-iv v. Mis.aryan Electronics
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
For the aforesaid reasons we set aside the.order of the Tribunal and affirm the order of the Commissioner H insofar as it relates to redemption of the value declared by COMMNR. OF CUSTOMS, NEW DELHl·v.
Judgment, page 9
From the headnote
Customs Valuation Rules, 1988: rr.4, 5, 6, 10A - c Import of goods - Transaction value @ Rs.36 per piece declared by the importer-respondent - Rejected by the Commissioner (appeal) and invoking r. 6, he found thatin 10 instances given by department, prices mentioned therein varied from Rs. 73.94 and Rs.134.08 per piece and taking minimum of the said price fixed the transaction value at Rs. 73. 94 and confiscated the goods and imposed differential duty and redemption fine of Rs.20 lacs and penalty of Rs.5 lacs - Tribunal held that identical goods were imported @ Rs. 58 per piece and,
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