2004 (2) TMI 254

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....f the Revenue relates to valuation of 10,000 metres of Korean Fabrics imported by M/s. Sree Nakoda Impex, Nellore in December, 1991. The price declared by the importer was enhanced based on purported contemporaneous import of similar goods at Chennai, and goods assessed to customs duty. Appellant importer contested the enhancement of the value before the Tribunal holding that the comparison was no....

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....rt covered by B/E No. 251228, dated 14-12-1999. Perusal of the documents relating to the clearance of the said goods indicate that those goods were classified by Chennai Customs vide CTH 5902.20 i.e. as tyre cord fabric. Since the goods in question are not tyre cord fabrics, the above referred invoice is of no relevance. At the time of personal hearing the importer's representatives were shown a c....

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....pply effected from Dubai are not available. Keeping in mind all these factors such as (1) the invoice Aqua Trading, Dubai is not contemporaneous, (2) the supplier of those goods are a trading company from a different country, (3) the goods in question are supplied directly by the manufacturer of the goods, (4) the goods in question do not have the brand name of any reputed company, and (5) that th....