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TMI Blog2008 (5) TMI 575X X X X Extracts X X X X X X X X Extracts X X X X ..... idence in support of the value adopted by the Revenue. It is also not very clear as to whether the items imported in Mumbai Port are identical to those imported by the appellants. Moreover, the reasons for rejecting the transaction value in terms of Rule 4(2) have not been specified. The Valuation Rules have not been sequentially followed - transaction value declared has to be accepted - appeal al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pellant was not accepted. The appellant imported 13 consignments of the goods on different dates. Provisional assessment was resorted to. Actually the goods were imported from Sri Lanka. Since the declared value was not accepted, provisional assessment was resorted to and the appellants executed the Bank Guarantee. However, the Adjudicating Authority finalized the assessment based on the value of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the decision of the lower authority and upheld the same. The appellants have strongly challenged the order. 4. The learned Counsel stated that the order violates the principles of natural justice as it has been decided without hearing the party. Further, the Adjudicating Authority has accepted the certificate of the competent officer for grant of concessional assessment under the ISFTA and havin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ear as to whether the items imported in Mumbai Port are identical to those imported by the appellants. Moreover, the reasons for rejecting the transaction value in terms of Rule 4(2) have not been specified. The Valuation Rules have not been sequentially followed. In view of these factors, we do not find that the impugned order has any merit. Therefore, we are of the view that in this case the tra ..... X X X X Extracts X X X X X X X X Extracts X X X X
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