(1) THESE appeals are against the order dated March 4/03/1991 passed by the Customs, Excise and Gold (Control) Appellate tribunal, New Delhi (hereinafter referred to as CEGAT, in Appeal No. C/3339/88A, C/3340/88A, C3341/88A and C3342/88A. Respondents are dealers and im- porters of various bearings and they imported one consignment of ball bear- ings No. 2301, 2313 and 2313 (Sic) of Hungarian Origin from M/s. Mak Automotive Company, London (U.K.). Price List No. 8302238 was issued by the Hungarian Manufacturers on 16/02/1982. Another price list being 840216 was also issued by the said Hungarian Manufacturers. On the basis of the complaint received from the Ball and Bearings Association of India inter alia alleging that the respondent had been indulging in importing ball bearings by showing invoice price grossly undervalued, show cause notices were issued to the respondents proposing to enhance the value from .90 US dollar and 2.15 US dollar to 2.45 US dollar and 8.11 US dollar respectively. The respondents made a representation and inter alia contended that there had been no undervaluation and the invoice price reflected the correct price at which the said bearings had been