2006 (7) TMI 381

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..... P.G. Chacko, Member (J)].-  The appellants had imported 100% "Polyester micro ball trace fabric" and filed Bill of Entry dated 30-5-2000 claiming the benefit of Notification No. 32/97-Cus., dated 1-4-97. The claim was allowed and the goods were released duty-free. In discharge of their obligation, as job workers, in the above Notification, they exported the garments manufactured out of the i .....

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..... s,we find that, according to the appellants, there was value addition to the extent of 93.26% in the above exports and therefore, they had fulfilled condition No. IV read with the proviso thereto.The assessee's calculation is as under :- Cost of Fabrics supplied free = USD 4009.50 Job charges (as per invoice) = USD 3739.68 Total value of blouse = USD 7749.18 Value addition = 7749.18 - .....

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..... S $ 3739.68 as FOB value of the goods, they contained declaration of the exporter to the effect that the said value did not include the value of the imported raw material. Obviously, the authorities missed this declaration. We have found the total FOB value at USD 7749.18 (CIF value of fabrics imported plus jobwork charges). This figure is clearly higher than the CIF value by 93.26% as contended b .....

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