2009 (6) TMI 357

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....spondent [Order per: Archana Wadhwa, Member (J)]. - Being aggrieved with the order passed by the Commissioner (Appeals), Revenue has preferred the present appeal. The issue involved is valuation of Styrene monomer (Petroleum product), imported by the respondents from Malaysia. The value declared by M/s. Bhansali Engg. Polymers was US$ 900 per MT and the price declared by the other respondent M/s.....

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....r appreciation, Paras 14 & 15 of the impugned order of Commissioner (Appeals) is reproduced:- "14. In the instant case, the department has a genuine doubt about truth and accuracy of the transaction value as they had evidence of import of identical/similar goods from the same country of original at substantially higher prices. It appears the appellant could not satisfy the adjudicating authority ....

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....Singapore Vol. 18 No. 21, which shows that the price of Styrene CFR India was US$ 910-920 PMT. 15. The aforesaid evidences clearly show that during the relevant period, the prices of Styrene was fluctuating in the international Market. The price quoted in the PLATTS for 21-5-2004 for Styrene was 865-875 PMT CFR India. The appellant's invoice is dated 21-5-2004, which date has not been doubted by ....