2015 (11) TMI 1457

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....Technical) For the Petitioner : Shri S.N. Kantawala, Advocate For the Respondent : Shri V.K. Singh, Spl. Counsel ORDER Per: M.V. Ravindran All these appeals are directed against Order-in-Original No. 20/2012/CAC/CC(I)/APS/Gr.VA dated 31.3.2012. Since these appeals are directed against the very same order-in-original, they are being disposed of by a common order. 2. The main appel....

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....ane Dmag CC 6400 Year of manuf. 1994 SGD 40,00,000 Eqv. To Rs. 13,56,00,000/- SGD 52,00,000 Eqv. To Rs. 17,62,80,000/- SGD 37,50,000 Eqv to Rs. 12,71,25,000/-     Customs authorities not satisfied with the valuation as declared by the appellant undertook an investigation and appointed local chartered engineer to ascertain the correct value attributable to the cranes imp....

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....it of depreciation as envisaged in CBEC circular number 493/144/86 seaways dated 19/11/1987, and the difference in value in one case is more than the ascertain value and in one case marginal increase. The adjudicating authority after following the due process of law did not agree with the contentions raised and confirmed the demands with interest, ordered for confiscation of the cranes and release....

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.... rate of 70% of the value as ascertained by the chartered engineer, should have been given. It is a case of the learned Counsel that they would like to go back before the adjudicating authority and convince him that they are eligible for the depreciation as per board's circular. We find that the adjudicating authority has summararily discarded this plea of the appellants that they are eligible fo....