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TMI Blog2005 (2) TMI 213X X X X Extracts X X X X X X X X Extracts X X X X ..... order-in-appeal passed by the Commissioner (Appeals). 3. In this case the respondents made import of second hand used Heidelberg Speedmaster 4 colour offset printing machine and declared the value of Rs. 43,18,760/-. The Revenue after rejecting the value declared by respondents enhanced the same by applying Rule 8 of Rs. 76,95,900/- minus 66% depreciation. 4. The contention of the Revenue is t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r value. The respondents also brought to our notice that if the value of the machines in the year 1997 which is the year of manufacture is taken into consideration that will be of DM 10 lakhs. During the relevant time when the goods were imported the value of Deutgsche Mark was equal to Rs. 19.55 and if this value is applied the gross cost of the new machine will come to Rs. 1,75,95,000/- and if t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Hon'ble Supreme Court as there was discrepancies in the year of manufacture of the goods in the invoice and the year of manufacture of the machines. In such a situation the application of Rule 8 of Valuation Rules was approved by the Hon'ble Supreme Court. The facts of the present case are different. In the present case there is no dispute regarding the year of manufacture. There is no eviden ..... X X X X Extracts X X X X X X X X Extracts X X X X
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