2001 (1) TMI 450

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.... Member (J)]. -  This appeal arises out of and is directed against the impugned order dated 18-6-1999 passed by the Commissioner of Customs House, Cochin. 2. Arguing for the assessee, Shri Sundar Rajan submits that number of issues involved in this case including determination of valuation in respect of Cruiser Jeep 1998 model imported by the appellants. He said that the party has decl....

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....4. We have carefully considered the submissions made by both sides. On perusal of the records, with reference to the submissions made by the Counsel, we agree that Commissioner is not right in determining the assessable value of the imported car based upon the prevailing domestic price in Japan. It is clear that contemporary evidence should be brought on record in determining the assessable v....