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2013 (8) TMI 378 - HC - VAT and Sales TaxValue of imported goods - Respondent issued demand notice to assessee for differential extent - Held that:- Actual price of the commodity imported by the petitioner is much less than the 'floor rate' and that the petitioner has produced all the materials before the assessing authority in support of the same. It is also stated that, nothing has been observed by the assessing authority in assessment orders, as to the correctness, acceptability or otherwise of such documents produced by the petitioner - It is fit and proper to intercept assessment order in the said circumstance and to direct the first respondent to effect the assessment afresh, taking note of the actual facts and figures; more so when, absolutely no enabling provision of the Statute or any binding judicial precedent is brought to the notice of this Court from the part of the respondents, to hold that, irrespective of actual price, the department is entitled to reckon the 'floor rate' for the purpose of final assessment - Decided in favour of Assessee.
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