2016 (8) TMI 1402

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....t. Commissioner (AR), for the Respondent. ORDER [Order per : Ramesh Nair, Member (J)]. - The brief fact of the case are that appellant filed Bill of Entry No. 690824, dated 6-9-2004 for clearance of the 'Acrylic Offcut' of 16.164 MTs imported from M/s. S. & R. Global Industries Ltd. and declared the invoice value of US $ 300 PMT. The department assessed impugned goods at US $ 450 PMT. Being aggr....

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....eld the order of the Assessing Officer. He submits that before enhancement of the value assessing officer should have rejected the declared value by adducing some evidences showing that declared value is influenced by various reasons. Without going sequentially with the Valuation Rules, 1988, declared value cannot be rejected, accordingly no enhancement of value can be made. In this regard, no suc....

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....nt of value and basis of quantum of enhancement. From the perusal of the record, we find that no efforts was made by the assessing officer to find out the fact in this regard. In the show cause notice also no reason was given for enhancement of the value, enhancement of the value was made directly on the Bill of Entry at the time of assessment, which is gross violation of principle of natural just....