2000 (9) TMI 183

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..... lty of Rs. 1.50 lakhs has been imposed by enhancing the assessable value of the goods imported by them. 2. Shri D.L. Basu Roy, ld. Consultant appearing for the appellant prays for dispensation with the condition of predeposit of duty amount of Rs. 55,454/- and penalty of Rs. 1.50 lakhs confirmed against the appellants by enhancing the assessable value of the goods imported by them. 3. After he .....

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..... and the foreign supplier that the price was brought down by the foreign supplier on the instance of the importers based upon the various business consideration. Accordingly, we feel that the appellants' contention that transaction value should be accepted as the correct assessable value is acceptable on merits. Accordingly we set aside the impugned order and allow the appeal in accordance with law .....

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