G.A. Brahma Deva, Member(J)

1. This appeal arises out of and is directed against the Order-in-Original No. 830/10/90 Ap. Cus. dated 1-2-1990 passed by the Collector of Customs, Cochin.

2. The appellants M/s. Honesty Traders imported 17 packages containing 2,40,000 pcs. (20,000 dozen) YKK Zip fasteners 8 inches made in Taiwan from Singapore. A bill of entry bearing No. 167 of 11-12-1989 was filed in the appraising Department (Imports), Customs House, Cochin. The Unit price of the goods as per invoice from the suppliers was S $ 0.73 per dozen, i.e. Rs. 6.25 per dozen or Rs. 52/- for 100 pcs. On examination by the Department the goods were found to be tallied with the description as per Bill of Entry but the value shown thereon at Rs. 52/- for 100 pcs. was very low and goods were undervalued. According to Department there has been contemporaneous import of identical goods from Singapore at the price of J Y 1159 per 100 (Rs. 136.75) and at that rate the total of price of the goods worked out to Rs. 3,28,212/- against Rs. 1,25,027/- declared and release advice produced for the clearance did not cover the full value of the goods. Accordingly, a Show Cause notice dated 19-1-1990 was is