2015 (12) TMI 647

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..... ey have simply gone to the arithmetical calculations of value starting from the cost of the raw material. We note that the goods were Stock Lot goods and as such the method adopted by the Revenue, based upon the cost construction basis, cannot be appreciated. As such, we find no infirmity in the view adopted by Commissioner (Appeals). - Decided against Revenue. - C/53770/2014-CU(DB) - Final Order .....

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..... he said value was enhanced by the assessing officer to ₹ 19,78,557/-. 5. On appeal Commissioner (Appeals) observed that there is no reasoning given by the assessing officer to enhance the value. No reference stand made to any other contemporaneous bill of entry or NIDB data or any other acceptable mode of enhancement including any market inquiry etc. He further observed that inasmuch as t .....

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..... isputed the fact of contemporaneous bills of entries. They have simply gone to the arithmetical calculations of value starting from the cost of the raw material. We note that the goods were Stock Lot goods and as such the method adopted by the Revenue, based upon the cost construction basis, cannot be appreciated. As such, we find no infirmity in the view adopted by Commissioner (Appeals). Revenue .....

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