2009 (12) TMI 842

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....r, SDR, for the Respondent. ORDER The appellants have imported Welding Tools and Spare parts. The goods were cleared provisionally on RD of l% of the assessable value, pending valuation by the SVB of the department. Subsequent to the final SVB order, the appellants filed a refund claim of the RD. The adjudicating authority finalized the case and sanctioned the refund claim but the same was c....

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.... Commissioner (Appeals) has observed as under :- "It is observed that on acceptance of transaction value the RD @1% amounting to Rs. 30,249/- was refundable to the appellants. However, it is the finding of the original adjudicating authority that the amount claimed as refund was not shown as 'recoverable' in the current assets heading in schedule 4 of the balance sheet, which showed current ass....