2008 (5) TMI 57

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ellant. Shri M.M. Mathkar, JDR, for the Respondent. [Order per: B.S.V. Murthy, Member (T)]. - In this appeal the short point to be decided is whether reduction in assessable value being claimed by the appellants on the ground that the actual items in the ship did not correspond to the original MOU is to be allowed. The ld. Advocate on behalf of the appellant stated that he is relying upon th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....er machineries, described in Clause 19 of the MOA, in working condition. The vessel is of mainly welded construction and has no permanent ballast. In the second MOA, the price was reduced because of the following discrepancies found in the vessel: 1. Major removals of machinery spares 2. All oil purifiers compressors and fresh water generators were found leeking and some found in dismantled ....