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2008 (1) TMI 236 - AT - CustomsAllegation of undervaluation on basis of contemporaneous import – held that insurance memos cannot be relied upon for the purpose of holding that the goods were under valued - value of contemporaneous imports cannot be taken as the basis for determination of AV if the imports are not on the same commercial level & are not of same quantities - enhancement of value not justified - department has not established that the goods were under invoiced, confiscation, demand & penalty are not sustainable
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