2008 (1) TMI 84

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ieved by the order of the Commissioner of Customs accepting the transaction value for import of one broodmare "Final Bluff", and dropping the proceedings initiated against the importers for underinvoicing. 2. We have heard both sides.                           &nb .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... f UK £ 4243 shown in the invoice of 31.1.1994 was correct.  The Revenue relies upon British Customs' letter dated 19.2.1999 and Indian High Commission's letter dated 10.3.1999 containing explanations for the fact that the invoice relied upon for alleging undervaluation is of October 1994 whereas the import took place in February 1994; however, these letters are not on record and further the p .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X