K. Prakash Anand, Member (T)

1. In this case the facts are that the appellants imported 15,000 pcs. of Miniature Ball Bearings below 10 mm diameter, 608zz Italy from Singapore. In the relevant Bill of Entry filed by them they quoted the invoice price as being Singapore Dollar 3000 C.I.F. The bearings were of SKF make. According to the department the assessable value of the goods was not available with the Customs at Amritsar where the goods had been imported and they sought the information from Delhi Customs who intimated that the C.LF. value was Rs. 9.25 per piece based on the list price available with them for the years 1982 and 1985. Accordingly, the total C.I.F. value of the goods worked out to Rs. 1,38,750.00 as against Rs. 17,128.20 declared in the Bill of Entry. The matter was adjudicated by the Additional Collector of Customs, who, on further information obtained from Central Warehousing Corporation, New Delhi, held that the value of the bearings was Rs. 18.40 per piece bringing the total assessable value to Rs. 2,76,000/-and directed that duty was payable on this assessable value.

2. Heard Shri Harbans Singh, Advocate for the Appellants and Shri C.V. Durghayya, JDR for