1992 (1) TMI 236

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....JDR, for the Respondents. [Order per : Jyoti Balasundaram, Member (J)]. - The appellants herein imported 89 pieces of used motors and 4128 pieces of PVC bags of V belts under bill of entry dated 7-8-1990. The value of the goods was declared as Rs. 16,870/-. On first check the goods were valued by the concerned Appraiser at around Rs. 85,000/-. On re-examination they were valued by a Committe....

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.... any basis for either the first valuation of the goods by the Department at Rs. 85,000/- or the subsequent reduction to Rs. 46,608/- which as rightly pointed out by Shri R.K. Jain is nearly 50% of the original Departmental valuation. The charge of under-valuation is not supported by any evidence and the basis for the charge also is not disclosed in the order. We accept the contention of Shri R.K. ....