2001 (10) TMI 471

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..... for the Respondent. [Order per : Gowri Shankar, Member (T)]. - Appeal is taken up for disposal after waiving deposit. 2. The respondent to this appeal imported a consignment of stainless steel sheets and plates and filed a bill of entry for its clearance. The Department was of the view that the value of the goods was too low and proposed to enhance it. It proposed to enhance it to a figure .....

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..... lies upon the observation of the Tribunal in CCE v. Mukund Ltd. 1999 (107) E.L.T. 653 (Tribunal) that London Metal Exchange price can be considered to be a fair indicator of the prevailing market price of the goods. Although this was not the only basis for the Tribunal's conclusion in that order, it did provide support 4. It is doubtful if that conclusion of the Tribunal is any longer good l .....

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