2008 (11) TMI 454

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..... [Order per : Archana Wadhwa, Member (J)]. The dispute in the present appeal is as regards valuation of the ship imported for breaking purpose. Initially, a contract was entered between foreign supplier with M/s. Chaudhary Chaudhary Ship Breakers Ltd. at a higher assessable value in terms of Memorandum of Agreement (MOA) dt. 13-7-2001. The ship, accordingly, arrived in India on 21-7-2001. .....

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..... price was reduced in the MOA entered into between the foreign supplier and the same importer, but in the present case, the earlier MOA was with a different party. As such, the ratio of law as declared in the Larger Bench would not directly apply to the facts of the instant case. 3. We find that the Hon ble Supreme Court in case of M/s. Udayani Ship Breakers Ltd. - 2006 (195) E.L.T. 3 (S.C.), whi .....

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