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2010 (4) TMI 1043 - HC - Central ExciseValuation - grey fabrics - value of grey fabrics was higher compared to the value declared for the fabrics processed from such grey fabrics - duty on the lower assessable value on the basis of instructions from the Merchant Manufacturers - On being asked, Mr. Desai stated that no such statement is to be found in the statement of Mr. Punjabi. Under these circumstances, the reliance placed on these statements are contrary to the reliance placed.
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