(1.) HEARD both sides at length on 1 -2 -2006, 6 -2 -2006 and 7 -2 -2006. Under the impugned order, customs duty demand of Rs. 8,48,16,660/ - and excise duty demand of Rs. 14,13,208/ -have been confirmed and penalties amounting to Rs. 8,84,16,660/ - and Rs. 14,13,208/ - have also been imposed.
(2.) BY written synopsis dated 24 -3 -2006, the Id. Advocate for the appellants has summarized his arguments as follows:
(3.) IT follows from the above that the treatment to be applied for the valuation of dumped goods is the same as that applied to goods imported at a price below prevailing market prices for identical goods.