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2010 (4) TMI 360 - SC - CustomsValuation- Department enhanced value of brass and copper scraps relying on price as indicated in London Metal Exchange (LME). Tribunal allowed assessee’s appeal observing that assessee not confronted with any contemporaneous material relied by revenue to enhance price. Held that- Tribunal order manifesting that details of any contemporaneous imports or any material indicating price notified by LME neither referred by adjudicating officer nor placed before Tribunal. Revenue not able to controvert Tribunal’s observation. No fault in Tribunal order setting aside additional demand.
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