TMI Blog2000 (11) TMI 354X X X X Extracts X X X X X X X X Extracts X X X X ..... he question for consideration by the Commissioner is the valuation of a consignment of glass sheets imported by Maini Traders, the respondent to this appeal. 2. We have heard the departmental representative. The respondent is absent and unrepresented. The declared value of the glass sheets of Japanese origin imported by it in August 1994 is US $ 1460 per metric ton (tonne) CIF. The department wa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... quoted by a seller at Singapore showed that the invoice did not represent the transaction value. He therefore enhanced the value of the goods under Rule 7 of the Customs Valuation Rules. 3. The importer appealed this order. The Collector (Appeals) accepted the contention of the appellant before him that it had not been shown by means of evidence that there had been import of goods, contemporane ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ot supported by evidence. 5. We do not have difficulty in accepting that price at which goods are cleared in the LME would, by and large, reflect the trend of the price prevailing in the international market. We also note what the Asst. Collector says, that the goods, chromium covered brass sheets, are rarely imported. We agree that the value declared by the importer, which is about 1/3rd what t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ontrary is true. The appeal does not contain any material on this aspect. 7. The position therefore would be that, while the value declared by the importer is certainly suspect, there is no valid reason given for the substantial difference in value. The appeal has not advanced any ground for justifying interference with the Commissioner (Appeals) s order. 8. The appeal is therefore dismissed. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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