2003 (9) TMI 444

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..... e K.K. Usha, President]. In these appeals challenge is against the enhancement of the value of second hand sulzer shuttleless projectile weaving looms imported by the appellants. The dispute related to the year of manufacturing of the machine and also its valuation. The adjudicating authority took the view that the machines were more than 10 years old and they were undervalued. In the case o .....

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..... efore us by the appellants was that the very same Commissioner while considering identical imports accepted the declared value of Rs. 19 lakhs in order dated 18-9-2002 and imposed a redemption fine of Rs. 1 lakh. He did not impose any penalty. In another order dated 23-10-2002 the very same Commissioner accepted the declared value of six similar machines as Rs. 59,36,544/- and imposed a redemption .....

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..... who submits that authenticity of the copy of Press Release produced by the appellant cannot be admitted. He further submits that the enhancement of assessable value and imposition of fine and penalty are justified in the facts of this case. 4. We find merit in the contention raised by the appellants. When the declared value of Rs. 19,97,785/- in respect of two similar machines was accepted by th .....

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