2007 (5) TMI 442

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..... y, Member (T)]. - Heard both sides. 2. Shri J.K. Mundra, ld. C.A. appearing for the appellant states that the dispute relates to valuation of the impugned goods at the time of final assessments and involve, three components. As regards the dispute relating to inclusion of insurance charges, the amount being small, Shri Mundra states that the appellants are not pressing the appeal for the sam .....

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..... s issued under the old (Valuation) Rules and the impugned goods were imported after new (Valuation) Rules were introduced in the year 1988. As such, the old circular has no relation to the provisions of the new (Valuation) Rules. Accordingly, we reject the appeal of the appellants in relation to the inclusion of Service Charges paid to MSTC following the Hon ble Supreme Court s decision in the c .....

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..... as the appellants have not challenged inclusion of Stevedoring charges earlier. 5. We are of the view that at the time of final assessment, the Assessing officers are required to take cognizance of legal grounds taken by the appellants and hence the order passed by the Lower Authorities ignoring claims of the appellants in this regard is not proper. Accordingly, we set aside the impugned order i .....

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