2004 (12) TMI 423

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.... Tata, SDR, for the Respondent. [Order per : C.N.B. Nair, Member (T)]. -  The issue relates to valuation of Nickel Cathodes imported by the appellant from Canada. The purchase order dated 14-5-99 stated as under with regard to price :- "This has reference to offer dated 16th April, 99 from M/s. Metco Marketing, New Delhi and subsequent discussions/correspondence we had with them rega....

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....saction value i.e. USD 4945 PMT. The Customs authorities rejected this price for the purpose of assessment of the imported goods and the Assistant Commissioner of Customs Group IV, New Custom House passed his order dated 12-11-99 raising the price to USD 5355 PMT. The reason for the increase is that Customs authorities adopted the London Metal Exchange price of 20-4-99, the date of contract. The a....