Importer Waives Right to Hearing Under Sec. 124; Commissioner's Reversal of Assessment Orders Deemed Unjustified.

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....Valuation of imported goods - the importer specially stated in the statement recorded under section 108 of the Customs Act, after being shown the contemporaneous value, that it he agreed that the value of the goods should be enhanced. The importer also specifically stated that it did not want to avail of the right conferred under section 124 of the Customs Act and, therefore, did not want any show cause notice to be issued to or personal hearing to be provided. - the Commissioner (Appeals) was not justified in setting aside the orders passed by the assessing officer on the Bills of Entry - AT....