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of The case pertains to the valuation and classification of imported motor controllers. The key points are: The assessing officer rejected the declared transaction value without valid reasons or following due procedure u/s 14 and Valuation Rules, despite no evidence suggesting the declared values were incorrect or that buyer and seller were related. The enhancement of assessable value by the adjudicating authority was struck down, and the transaction value declared by the respondent was accepted. Regarding classification, the respondent classified the goods under CTH 8503 0090 as 'parts of electric motor.' The Tribunal held that since the controllers are principally used with motors to perform functions like starting, stopping, selecting rotation, and regulating speed, they are rightly classifiable under CTH 8503 0090 and not under CTH 8708 9900. The orders of the Commissioner (Appeals) upholding the transaction value and classification under CTH 8503 0090 were affirmed, and the Revenue's appeals were dismissed.
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