2008 (2) TMI 797

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..... wa, Member (J)]. - The dispute in the present appeal of the Revenue relates to the valuation of Polypropylene granules of Malasian origin imported by the respondent from Singapore. The declared value of the goods was USD 815 PMT which stands raised by the original adjudicating authority to USD 1150 PMT. For enhancing the value, the original adjudicating authority has relied upon the prices ava .....

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..... E.L.T. 661 (Tri.). Further in the case of M/s. Adani Exports Ltd. v. CC, 2000 (116) E.L.T. 715, it was observed that unlike London Metal Exchange, where actual trading of the metal takes place, the PLATT s price report is not based upon the transactions, but is merely a compilation of price ranges of various plastic materials. As such, the Tribunal rejected the Revenue s prayer to enhance the pri .....

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..... and in the absence of specific data, the comparison cannot be made and the enhancement is not legally sustainable. Thus, in the present case, the evidence relied upon by the adjudicating authority is lacking in details of country of origin, quantities imported and various grades indicating any prices. Further the appellant was not supplied the copy of the Bills of Entry relied upon by the adjudic .....

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