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Issues:
1. Whether the declared value of imported rechargeable Lead Acid batteries should be enhanced. 2. The validity of relying solely on a quotation for enhancing the declared value. Analysis: 1. The case involved the import of rechargeable Lead Acid batteries with a declared value of US $1 per piece. The department issued a show cause notice to enhance the value to US $2.40 per piece based on a quotation from M/s. Sun Fat Electric Products (Intl) Co. Ltd., Hongkong. The appellant challenged this enhancement, leading to the appeal before the tribunal. 2. The appellant's advocate argued that the quotation should not be relied upon for enhancing the value since there was no evidence of its implementation or connection to any import in India. He cited the judgment in the case of Krison Electronics Systys Ltd. v. C.C., Calcutta and Laxmi Colour Ltd v. Collector to support his argument, emphasizing the need for concrete evidence to justify value enhancement. 3. The department, represented by the SDR, defended the value enhancement, highlighting the significant difference between the declared value and the quotation value. The SDR contended that the quotation alone could be a basis for value enhancement, referencing judgments in the cases of Pan Asia Enterprises v. C.C., Bombay and Manju Verma v. C.C., Delhi to support this position. 4. Upon considering both arguments, the tribunal observed that the quotation in question was not addressed to anyone, lacked signatures, and had no evidence of being acted upon in any Indian import. The tribunal distinguished the present case from the judgments cited by the SDR, noting the absence of additional evidence to support the value enhancement. 5. Ultimately, the tribunal agreed with the appellant's position, setting aside the impugned order and allowing the appeal with consequential relief to the appellants. The tribunal found that the reliance on the quotation without further corroborating evidence was not justified in this case, aligning with the principles established in the judgments of Laxmi Colour Lab and Krison Electronics Systys Ltd.
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