Per Justice U.L. Bhat : Appellants imported one consignment of 20,000 Gross Bolt Ring (Spring Ring) and 500000 number of Chain of Hongkong origin from a Hongkong supplier and presented a Bill of Entry dated 11.8.89 through the Clearing Agent at the declared value of HK$ 1.00 per gross of Bolt Ring and HK$ 7.3 for 100 Meters of Chain. On objection being raised about the value, appellants waived show cause notice but gave written submissions. Representative samples were also taken and weighed. The Additional Collector accepted the declared value in relation to Bolt Ring but loaded the value of Chain from HK$ 7.3 per 100 Meters to Rs. 56.36 per Kg. weight. This order is now challenged.

2. The Additional Collector noticed that in regard to chain, unlike in the previous importation, specification and design number of the chain had not been declared by the appellants. On weighment and calculation it was found that the declared value was Rs. 25.58 per Kg which was even less than the price of Rs. 28.18 per Kg. for brass scrap imported at the Calcutta Port. Metal Bulletin (UK) also showed the price of brass scrap "Honey" at the material time was US$ 1700 per MT. i.e. Rs. 28.18 CIF per K