2011 (4) TMI 375

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..... The authorities below have followed Platt’s price after giving a discount of 25% on virgin LLDPE and LDPE - In the case of Radhey Shyam Ratanlal v. CC, Mumbai [2009 -TMI - 33416 - SUPREME COURT ], the Apex Court has held that contemporaneous documents like weekly bulletin of spices market indicating higher price, relied upon by the department, can be accepted for the purpose of enhancement of val .....

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..... enhanced the unit price to US$ 397.50 per MT as against the declared value of US$ 175 per MT. This order was challenged by the importers and vide order dated 9-12-99, the Commissioner (Appeals) remanded the issue for retest at CIPET and held that if on test, it is discovered that the imported goods are made of recycled/reprocessed material only, then in the absence of any evidence to the contrar .....

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..... he assessees. 2. We have heard both sides. We find that the re-test by CIPET clearly shows that the goods are not entirely reprocessed/recycled LDPE polythene natural granules but mixture of LLDPE LDPE. The authorities below have followed Platt s price after giving a discount of 25% on virgin LLDPE and LDPE following the guidelines in the standing order of the Chief Commissioner, Mumbai and in .....

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