9911796707
TMI Blog2015 (1) TMI 324X X X X Extracts X X X X X X X X Extracts X X X X ..... 15 days for assessment and passing order. The contention is that the assessment order was passed on 10-3-2012 whereas the ld. Commissioner (Appeals) has passed the Order-in-Appeal dated 15-3-2012. The contention is that the Commissioner (Appeals) should have waited for expiry of 15 days time limit provided under Section 17(5) of Customs Act, 1962 - Held that:- 15 days time limit prescribed is not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Revenue. - C/62/2012 - Stay Order No. S-685/KOL/2012 and Misc. Order No. M-323/KOL/2012 - Dated:- 16-7-2012 - Shri S.K. Gaule, Member (T) and Dr. D.M. Misra, Member (J) Shri S. Chakraborty, Commissioner (AR), for the Appellant. Shri Hari Shankar, Advocate, for the Respondent. ORDER Heard both sides. The respondent filed an application for early hearing of the stay petition. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... provided under Section 17(5) of Customs Act, 1962. The contention is that the NIDB data entry shows value of goods in question to be at least US $1100 per MT instead of lower value US $660 per MT as has been enclosed by M/s Lakhdatar Traders. The contention is that the enhance of value was made on the basis of Alert Circular No. 3/2012-CI, dated 18-1-2012. As per Alert Circular, it has been circul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... terests are safeguarded by furnishing Indemnity Bond by the applicant. The impugned consignment is part of the consignment of 7000 MT. In this case also, they have furnished Indemnity Bond. 4. We have considered the submissions and perused the records. In the facts and circumstances of the case discussed above, we do not find any merit in the application filed by the Revenue for staying operati ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
