2003 (12) TMI 157

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mber (T)]. -  In these two appeals filed by M/s. D.R. Polymers Ltd., the issue involved relates to the enhancement of the assessable value of the plastic raw material imported by them. 2. Shri Prem Ranjan, learned Advocate, submitted that they had imported 34 MT Polyacetal K 300 and K 700 @ US $ 885 PMT; that they had also imported 102 MT high density polythelene @ US $ 500 PMT; that the D....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....g the transaction value; that the contemporaneous import of similar goods relied upon by the Deputy Commissioner was for a lesser quantity that is 17 MT of Polyacetal whereas the Appellants had imported 34 MT and as such both the quantities are not on the same commercial level. He relied upon the decision of the Tribunal in the case of GSA (India) v. Commissioner of Customs [1998 (103) E.L.T. 541]....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....arned Senior Departmental Representative reiterated the finding as contained in both the impugned Orders. 4. We have considered the submissions of both the sides. As per provisions of Rule 3 of the Customs Valuation Rules, the value of imported goods shall be the transaction value. As per Rule 4, the transaction value of imported goods shall be the price actually paid or payable for the goods w....