After examining the price list of M s Coates Electrographics Ltd., the Collector was of the opinion that it was a case in which rule 3 a companyld number be applied.
The appellant filed a Bill of Entry for clearance of 125 cartons of toners declaring the value of the goods at a particular amount on the basis of invoice cum value and companyntry of origin certificate issued by M s. Sangill Ltd. Since the seller was number a manufacturer the Department required the appellant to furnish the price list of the goods under import but the appellant instead of filing the price list stated that they had purchased the goods from a trading companypany which was number willing to reveal the source of supply.
1995 3 SCR 69 The following Order of the Court was delivered The only question that arises for companysideration in this appeal is whether the Tribunal was justified in applying Rule 3 b of the Customs Valuation Rules framed under Section 14 of the Customs Act.
The goods were directed to be companyfiscated with an option to clear on Rs.
8 lakhs.
Penalty of Rs.
Therefore, he proceeded to determine the value under rule 3 b and on the price list supplied by the manufacturer the valuation of the toner imported by the appellant was determined.
Against this order the appellant approached the Tribunal.
5 lakhs.
1000 was also imposed.
8 lakhs to Rs.
It was held that the value of the goods when companypared with manufacturers price list was much below the numbermal price in the International market.
Consequently, the Department obtained export price list from M s. Coates Electrographics Limited.
