Assessable value of grinding wheels

Hemant Sardana (Proprietor) (24 Points)

20 January 2012  

Custom Officer is charging import duty on assessable value at Rs.120/Kg for the grinding wheels and cut off wheels i have imported from China. After Negotiating by my agent custom officer agreed upon Rs.103/Kg. Can you guide me on what basis this price is decided. Even my declared value of import is actual.