2001 (9) TMI 603

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....araswamy, Consultant, for the Respondent. [Order per : S.L. Peeran, Member (J)]. - This is a Revenue appeal against Order-in-Appeal No. 610/97, dated 26-6-97 passed by Commissioner (Appeals) Madras setting aside the Order-in-Original holding the imported goods to be consisting of soft lead scrap and fixing the value at higher price at US $ 613/- per M.T. minus 5% discount on the basis of "LM....

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....Valuation by holding that the original authority has not assigned any reasons why he has discarded the value and Rule 4 of the Custom Valuation Rules. He has accepted the declared price at Singapore Dollar 385/-. 2. Revenue in the grounds are submitting that record of value of contemporaneous import, the computer print out value was available showing the Lead Battery plate rail at US $ 300....

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....t the price of metal bulletin in UK to be adopted which was not the case before the lower authorities and submits that there is no infirmity in the order. 5. On a careful consideration of the submission, we agree with the ld. Consultant that the order passed by the Commissioner is legal and proper. The Original authority had not assigned any reasons to arrive at the conclusion that the goo....