1993 (2) TMI 101

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....2. On 4th January, 1993, we made the following order : "Shri Verma contends that the very basis of revaluation suffers from the infirmity of attracting the wrong Rules. The new Rules which came into force from 16th August, 1988, stood attracted and ought to have been applied. We find this contention not substantial. The second contention of Shri Verma is that with the amendment of the show-c....

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.... is also relevant to note here that the validity of the classification of the goods was not raised and, therefore, stands concluded. 3. The only point, therefore, that survives is the third contention as noticed in the order dated 4th January, 1993, as to revaluation. The revaluation for purposes of duty and redemption-fine was based on certain quotations, said to have been obtained from M/s. E....