1982 (12) TMI 208

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..... [Shri B.B. Gujral, Vice-President, D.N. Lal, Member and Smt. V.S. Rama Devi, Member.]. - The present appeal is preferred against the order in Appeal of the Appellate Collector of Customs, Madras No. C3/1735/1977 dated 3-6-1980 rejecting the claim of the appellants for the refund of excess duty of customs paid by them. 2. The contention of the representative of the appellants, namely, the M .....

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..... value at 18.15 per M.T. instead of $ 60 per M.T. In support of the two prices charged by the suppliers copies of bills of entry, copy of the contract, copy of the letter of credit and copy of invoice etc., had been produced. 3. The representative of the respondent pointed out that the original contract for the supply of 35,000 M. Ts at the rate of $ 18.15 per M.T. did not exist at the time of .....

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..... he duty of customs is chargeable on any goods by reference to their value, the value of such goods shall be deemed to be the price at which such or like goods are ordinarily sold or offered for sale, for delivery at the time and place of importation in the course of international trade where the seller and the buyer have no interest in the business of each other and the price is the sole considera .....

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