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TMI Blog2014 (3) TMI 757X X X X Extracts X X X X X X X X Extracts X X X X ..... ng the value of regular imports which involve large quantities - Held that:- pre-deposit of Rs.20 lakhs would be sufficient for admission of the appeal and it is ordered accordingly. We direct the applicant to deposit Rs.20 lakhs within a period of eight weeks from today. Subject to such pre-deposit, there shall be stay on collection of balance dues arising from the impugned order till the pendenc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Special Valuation Branch of the Customs House passed the order accepting the values declared by them and the applicants were importing goods on the basis of such values. Later, the Directorate of Revenue (Intelligence) conducted certain investigation and recovered certain documents from the premises of the applicant. Such documents showed that the applicants had not declared all the relevant inf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t (FIBU) Price List. FIBU is a business unit of the supplier abroad. FIBU price list is only a basis for negotiations with other buyers of this item and it is not necessarily the actual price of the goods. The learned counsel submits that there have been imports to third parties at prices lower than the FIBU prices, thus making it very obvious that the FIBU prices were not the final prices. Furth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd also checked the calculations and accepted that the liability in respect of imports made through Chennai would be around Rs.1.9 crores. Therefore, his prayer is that the applicants should be asked to deposit a further amount of at least Rs.40 lakhs for admission of the appeal. 4. In his rejoinder, the learned counsel for the applicant submits that the admission of the second applicant is onl ..... X X X X Extracts X X X X X X X X Extracts X X X X
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