9911796707
TMI Blog2017 (4) TMI 199X X X X Extracts X X X X X X X X Extracts X X X X ..... Order per : Raju, Member (T)]. - The appellant, Shri Nazir Makda, Prop. of Muddasir Exports, filed 5 shipping bills for export of scarf and declared value for Rs. 46,37,449/- and sought clearance under DEPB. The scarves were valued at US $ 1.45 per piece which worked out to Rs. 70.32 per piece and market value is declared at Rs. 77.29 per piece. Accordingly, the exporter sought to availed DEPB ben ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s made to said Tirupati Exports. The appellant wanted to cross-examine the individual who has given the opinion about the value of the goods. However, the individual did not appear for the personal hearing. He further submitted that he was not a Government approved valuer and not an authority on the subject. 2. No one appeared for the appellant despite notice. 3. Learned AR relied on t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pposed to have manufactured the goods, has denied having manufactured the same. There is no evidence of payment made by the appellant to the manufacturer. The address of so called manufacturer was found to be fictitious/wrong. Despite all these, in absence of a regular creditable inquiry into market value of goods, the charges of overvaluation cannot be sustained. The appeal is thus allowed. (Pro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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