TMI Blog2018 (9) TMI 1285X X X X Extracts X X X X X X X X Extracts X X X X ..... ny evidence to show that the transaction value was wrong. It is well settled law that for rejecting the assessable value declared by the importer on the basis of the invoices so raised by the foreign supplier. Revenue has to first reject the said transaction value by the production of sufficient evidence to disapprove the same. In the present case, there is no effort by the Revenue to first reject ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of different thickness. The officers randomly selected 10 Plywood sheets from each stock (thickness) and measured the same by applying the average thickness and found that the total volume of the Plywood was 304.41 CBM against the declared quantity of 268.41 CBM. 3. During the course of further investigations, the statement of Shir Abhishek Srivastava, Director of the importing firm was recor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... quent confirmation of demand of duty and imposition of penalties. The order of the Original Adjudicating Authority was confirmed by Commissioner (Appeals) and hence the present appeal. 6. After appreciating the submissions made by both sides and after going through the impugned orders we find that the value of the imported goods stand enhanced based upon Alert Circular issued by the Revenue in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vidence to show that the transaction value was wrong. It is well settled law that for rejecting the assessable value declared by the importer on the basis of the invoices so raised by the foreign supplier. Revenue has to first reject the said transaction value by the production of sufficient evidence to disapprove the same. In the present case, there is no effort by the Revenue to first reject the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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