9911796707
TMI Blog1996 (4) TMI 235X X X X Extracts X X X X X X X X Extracts X X X X ..... When the appeal is called there is none to represent the appellants though there is a letter from Shri C. Hari Shankar, Advocate stating that the notice of hearing was received only on 12-4-1996 and the counsel who was dealing with this case has become Additional Solicitor General of India; he would not be able to pursue the case and that efforts have been made to contact the appellants and a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he foreign supplier who agreed to supply 2 nos. new GDR make Polygraph Brehmer Folding Machine Model 2673/3 S. 22.44.4. RSA on the same price and payment terms and conditions in replacement of the machines which were lost on the high seas. The appellants filed a Bill of Entry dated 25-1-1988. The declared invoice value was not accepted by the Customs authorities and the Assistant Collector vide hi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tended that the Collector (Appeals) erred in granting the benefit of same value to the appellant. The assessable value declared by them should have been accepted in view of the contract between them and the foreign supplier, both of whom are Government agencies under the bilateral agreement. The contract price is permissible under Section 14 of the Customs Act, 1962. There is no charge of underval ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the original supply but, for the purposes of determination of assessable value under Section 14(1) of Customs Act, 1962 the assessable value shall be deemed to be the price at which such goods or like goods are ordinarily sold or offered for sale for delivery at the time and the place of import in the normal course of international trade. Such price was available for comparison and adoption. A ..... X X X X Extracts X X X X X X X X Extracts X X X X
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