2003 (12) TMI 363

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....spondent. [Order per : Justice K.K. Usha, President]. - The appellants imported Ethylene-Di-Chloride (EDC). The transaction value declared by them was enhanced in respect of one import from US $ 295 PMT to US $ 350 PMT. In the second import the declared value of US $ 305 was enhanced to US $ 345 PMT. The enhancement was made on the basis of import by Reliance Industries Ltd. It is contended on ....

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....ta given in the above report would show that the price fluctuates drastically and, therefore, no reliance could be placed on the basis of an import by another party for loading the transaction value declared by the appellant. 2. Learned DR on the other hand submits that price difference is so much that this by itself should be a reason for doubting the correctness of the transaction value de....