2003 (12) TMI 393

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..... [Order per : C.N.B. Nair, Member (T)]. Appellant is a manufacturer of cement. They import coal as an input for use in the said manufacture. The dispute raised in the present appeal is about valuation of three consignments of coal imported by them from South Africa during the months of May and July, 1999. The parties had agreed to a formula of US $ 30 per MT for coal of 6500 Kcal. The te .....

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..... ction value accepted by the parties and to work out a theoretical value for the goods based on the test result of the Customs laboratory. The value so obtained is merely academic. It has no application to the transaction. The amount paid or payable between the parties would be at the price of US $ 30.23 PMT worked out based on the test result of the examiner (SGS) settled between them. In these ci .....

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