M/S. GIRA ENTERPRISES vs COMMISSIONER OF CUSTOMS, AHMEDABAD

The Supreme Court addressed appeals under Section 130(E) of the Customs Act, 1962 concerning the valuation of imported goods. The Court held that the assessment of the imported goods at US $ 1860 per metric ton was not supported by adequate evidence, thus upholding the appellate authority's decision to allow the appeal. The Court emphasized the necessity of proper evidence in determining assessable value under Rule 5 of the Customs Valuation Rules, leading to the conclusion that the earlier valuation was improper.