2001 (4) TMI 354

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....ja Ram, Member (T)]. - In this appeal filed by M/s. K.K. Exports, the matter relates to the valuation of the exported Nail Polish Bottles. The exporters have declared the value as Rs. 78 per piece. The Commissioner of Customs had held that the realistic value of each Bottle was to be taken at Rs. 30/- per piece. He also imposed a penalty of Rs. 2.50 lakhs on one of the partners. The appeal filed....