2005 (3) TMI 569

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

..... Shri S.S. Bhagat, SDR, for the Respondent. [Order per : S.S. Sekhon, Member (T)]. -  After hearing both sides and considering that the issue involved in this case is valuation of MMF being processed and cleared by the appellants and the period involved is Nov. 91 to Jan. 94 wherein 12.75% of the loading in values was proposed and for period Jan. 94 to Mar. 94 this loading proposed ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....to revalue the goods however, such re-valuation proposed to be made and has to be based on tangible reliable material which is not available in this case. It is found to be only on assumptions as could be seen from the orders of the original authority. The order of the Commissioner (Appeals) is delightfully silent on the presence of any additional material on record such an order cannot be upheld.....