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2015 (9) TMI 1019 - SC - CustomsValuation - Revenue contends that value mentioned in MoA dated 23.08.2000 should have been the valuation for the purpose of levying the import duty - Held that:- price was genuinely revised and a lesser price was agreed to be received by the owner of the vessel and therefore, there was nothing wrong on the part of the appellant to declare that price in the Bill of Entry. We, thus, are of the opinion that the duty should have been assessed on the basis of value declared by the appellant and the assessment made on 18.03.2002 by the assessing officer did not call for any interference. - Decided in favour of assessee.
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