2005 (6) TMI 95

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..... eals filed by the Revenue against the Order-in-Appeal dated 20-7-98 passed by the Commissioner of Customs Central Excise (Appeals), Trichy. 2. The respondents imported textile machine valued at Rs. 74,70,500/- c.i.f from M/s. Murata Machinery Limited, Japan. It was held by the lower authority that there was a contemporaneous import of identical goods at higher value. The lower authority confir .....

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..... also relied on a number of case laws and thus allowed the appeal of the respondents. Revenue is aggrieved over the Order-in-Appeal passed by the Commissioner (Appeals) on the following grounds :- (i) The view of the Commissioner (Appeals) that the subject import and the import relied on by the lower authority are not contemporaneous is not correct. The date of the subject Bill of Entry is 5 .....

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..... s) has stated that the respondents has produced manufacturer's invoice and the remittances for the impugned goods have been made through proper Banking channel. He has also stated that there are no grounds to doubt the genuineness of the value of the imported goods. We also not find any strong reason for rejecting the transaction value. In these circumstances we do not find any merit in the Revenu .....

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