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TMI Blog2014 (1) TMI 1016X X X X Extracts X X X X X X X X Extracts X X X X ..... ade by other parties at the relevant time as per NIDB Data and the same has been accepted by the applicant accordingly. We further find that if two prices are available for the contemporaneous imports then lower contemporaneous import price is to be taken. As in this case, at the time of import, the assessable value was determined on the basis of the contemporaneous import available at that time t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d Processors), Sauna Belt (Fat Reduce Belt), Tool Kits, etc. The declared value was not accepted by the adjudicating authority at the time of importation and that has been on the basis of contemporaneous imports of the similar goods during that period. The period involved in this case is 2006-2008. After clearance of the goods it was found that one M/s. G.N.G Co. and M/s. Shreenath Enterprises a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of clearance, transaction value has been rejected and the goods were assessed on the basis of contemporaneous imports of similar goods available in NIDB data. He further submitted that if the prices of M/s. G.N.G Co. and M/s. Shreenath Enterprises are accepted then also lowest price of contemporaneous imports is to be taken as assessable value. As the goods have been assessed on the basis of co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on the limitation also. 4. On the other hand the learned A.R. strongly opposed the contention of the learned Counsel and submits that at the time of import there was a modus operandi of the importer to suppress the actual value. After investigation, it was revealed the applicant has showed lower transaction value. Therefore, the adjudicating authority rightly enhanced the assessable value. 5. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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