TaxTMI 
TaxTMI 
2000 (8) TMI 325
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.... [Order per : G.A. Brahma Deva, Member (J)]. - The appellant M/s. Esjay Gems, Bombay filed Bill of Entry No. 288 dated 10-4-1990 for clearance of Synthetic Industrial Diamond Power weighing 14000 carats net, valued at CIF US $ 1400 at the rate of US $ 0.10 per carat. The sizes of Synthetic Industrial Diamond Power marked on the packages were found as under :- 0-1, 0-2, 0-3 & 0-4 A....
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....n person and referred to the written submissions/arguments on behalf of the appellant. In the written submission it was submitted that quotation of price not a reliable guide to be determined value as it was held in the case of M/s Shyam Antenna Electricals Ltd. v. CC reported in 1991 (53) E.L.T. 133 (T). He also submitted that other contemporaneous evidence was placed on record to substantiate hi....
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....sed the position observing that it is seen from the official price list dated 2-4-90 of the supplier as well as invoice dated 14-6-90 issued to Subhdil Exports, Bombay for Industrial Synthetic Diamond Power of sizes 0-4 that the goods have been supplied at the rate of 0.20 US $ per carat. He also observed that Trade Panel Members as well as Expert Customs Appraisers have also assessed the goods in....