2005 (8) TMI 225

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....(T)]. - Appeal No. Parties Name Against Order No. & Dt. Amount Represented by C/139/02 M/s. Agarwal Industries v. CC, Vizag OIA. 1/2002 30-1-2002 Rs. 98,57,619/-Diff. duty M.S. Nagaraja, Advocate R.N. Vishwanath, SDR C/140/02 -do- OIA. 9/2002 14-3-2002 Rs. 22,48,900/-Diff. duty -do- C/209/02 M/s. Saraiwala Agro Refineries Pvt. Ltd. v. CC,....

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.... 08/2002 14-3-2002 Rs. 2,74,387/-Diff. Duty B.V. Kumar, Advocate R.N. Vishwanath, SDR C/264/02 M/s. Pearl Insulations Pvt. Ltd. v. CC, Chennai OIA 283/2002 9-7-2002 USD 1705.68 M.S. Kumaraswamy, Consultant R.N. Vishwanath, SDR C/313/03 M/s. Kallam Agro Products and Oils Pvt. Ltd. v. CC, Vizag OIA 19/2003 18-7-2003 Rs. 1,53,335/- - None - R.N. V....

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....se, the contracted price is 450 USD per MT but on the same date, for the same goods, there is another consignment where the price is 500 USD. The case of the Revenue is that that the correct value for purposes of assessment would be only 500 USD as it represents the correct contemporaneous value. Hence, the transaction value declared by the importer was rejected. The lower authority demanded diffe....

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....oms Valuation Rules, 1988. The 'special circumstances' have been statutorily particularised in Rule 4(2) and in the absence of these exceptions, it is mandatory for Customs to accept the price actually paid or payable for the goods in the particular transaction. In all the cases, we find that the transaction value has been arrived at purely on commercial considerations based on contracts. The supp....