Eicher Tractors Ltd. vs Cc on 29 June, 1998
For this reason also, the value declared
by the respondent cannot be rejected. The Revenue has no evidence that
there is any extra consideration paid by the respondent to supplier of
Glassware, therefore, there is no material at all to suggest that there is
undervaluation of the goods imported by the respondent. In these
circumstances, the rejection of declared value is improper and illegal. The
case of the respondent is covered by the Hon'ble Supreme Court judgment
in the case of Eicher Tractors Limited vs. CC - 2000 (122) ELT 321 (SC).