2000 (10) TMI 165

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.... a plea that a valuation of the imported material which are claimed by the respondent at US $ 470/- PMT CIF was wrongly made and it should be fixed at US $ 840/- PMT CIF. 2. The respondents before us imported 136 MTs Stearic Acid filed into bond Bill of Entry No. 12282, dated 29-9-1995. They also filed purchase order and letter of credit. The Department did not agree with the value declared by th....

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....ontemporaneous imports were taking place at the double price of the imported goods; and finally suitable explanation for such abnormal reduction in price was not offered by the respondent. 4. We have heard both sides. When we look into the grounds of appeal which is stated above that the same is not covered by any purchase order or contract. In our view it is wrong to contradict the case of the r....

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....able to produce any evidence in the case regarding payment of extra amount by the respondents-importer to the foreign seller. If such evidence is procured then the case of the Department would have a different picture but unfortunately that is not the fact here case of the Department is that there was no purchase contract nor is it covered by the same letter of credit, therefore, the transaction v....