2021 (9) TMI 1338

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..... THAT:- Perusal of the order of the Tribunal and the order in original reveal that at one stage revenue sought enhancement of value of goods citing earlier transaction performed by the assessee at a higher value of 300 dollars per CBM. The present transaction was valued at 200 dollars per CBM - the discrepancy was explained by the assessee on the basis of urgent clearance in the earlier transactio .....

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..... ayal Singh, JJ. For the Appellant :- Ashok Singh Heard Sri Ashok Singh, learned counsel for the Revenue Service is deemed sufficient. None has appeared on behalf of the Assessee. Accordingly, the matter has been heard. Present appeal has been filed by the Revenue under Section 35G of Central Excise Act, 1944 against the order dated 16.07.2018 passed in Appeal No. C/70393-70394 .....

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..... er CBM. The present transaction was valued at 200 dollars per CBM. The discrepancy was explained by the assessee on the basis of urgent clearance in the earlier transaction. Undisputedly, other than the mere discrepancy noted by Revenue Authority, there does not exit any material as may warrant rejection of valuation of goods. Merely because there exists an alert circular and enabling power .....

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