2005 (7) TMI 473

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....Singh, DR, for the Respondent. [Order per : C.N.B. Nair, Member (T)]. - The Appellants is a manufacturer of Decorative Laminated sheets. Phenol is a raw material for such manufacture. Under Bill of Entry No. 5890, dated 17-7-2001 the Appellants imported a consignment of 210 M.T. of Phenol. They produced invoice for the goods at U.S. $ 525 per M.T. The Customs authorities assessed the consign....

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....er and the foreign supplier so as to make the transaction value invalid. It is also being pointed out that the Appellants' import was a higher quantity (210 M.T. compared to 190 M.T.) under Bill of Entry No. 0306, dated 6-6-2001. The learned Counsel submitted that it is well-settled (Eisher Tractor case) 2000 (122) E.L.T. 321 (S.C.) that assessable value is the transaction value in regard to the g....