2001 (7) TMI 849

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..... r per : Archana Wadhwa, Member (J)]. A very short point is involved in the present appeal. The appellants imported a consignment of seven second-hand jute mill machines. Along with the imports, relevant invoice, packing list, inspection certificate etc. were submitted. The inspection certificate issued by Chartered Engineers certified the price of the subject machines in the year of manufactu .....

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..... 3. We have heard Shri P.R. Biswas, learned Consultant for the appellants and Shri A.K. Chattopadhyay, learned JDR for the Revenue. 4. It is seen that the supplier of the machines in their Fax Message dated 29-6-95 informed the appellants that the price of New Apron Draft Spinning Frames in 1973-74 was in the region of US $ 88,000.00 each. Subsequently, they sent another Fax Message on 16-10-95 .....

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..... re-determined. It is also seen that on some subsequent point of time the price has been further reduced to US $ 45,000.00 per piece, though the appellants are not making any claim to adopt the said price. The above narration of facts only show that the foreign supplier was changing the price of the original machines at the instance of the appellants. No specific reasons have been given by them for .....

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