1999 (9) TMI 270

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..... er : Gowri Shankar, Member (T)]. The question of consideration in this appeal is the assessable value of a consignment of the video magnetic tapes imported by the appellant in October, 1991 from a supplier from Hong Kong. In the order impugned in this appeal the Collector has not accepted the value claimed of Hong Kong $ 500 per roll of 10000 ft. CIF declared by the importer. He has held tha .....

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..... In its Order-in-Appeals C/351/92 and C/485/92-A filed by M/s. Deepak Electronics Limited and Pramod Kumar Agarwal, the Tribunal considered this ground, but it declined to accept it for the reasons given therein. In that case too the Tribunal applied to the imports made by the appellant in July, 1991 the price of Rs. 1,050/- per roll of 10000 ft. at which M/s. Hariram Govindram Sons had imported. .....

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..... before us there is nothing to show that video cassette tapes were subject to frequent fluctuations of the prices, such as in the case with agricultural commodities. Further there is an absence of factors to show that there could have been alteration in prices between July and October, 1991. On the other hand as the Collector points out, the market prices for this product appears to have been relat .....

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