2000 (12) TMI 149

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....ot present. On earlier occasion also they were absent in spite of notice. We therefore proceed to decide the appeal on the basis of documents on records. We have heard Smt. Reena Arya for the Revenue. 2. The appellants imported Audio Magnetic Tape declaring the invoice value at 40 US $ per spool. On investigation with the agent of the manufacturer, it was found that the price list of the manufact....

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....substantiation with documentary evidence. He also dismissed the claim that the manufacturers prices could have been reduced just before the present imports. He observed that in the absence of contemporaneous imports rules 5, 6 and 7 did not come into play. He therefore fixed the prices under Rule 8 of the Customs Valuation Rules on par with the manufactures list price. He confiscated the goods but....