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M/S Associated Cement Companies Ltd vs Commissioner Of Customs on 25 January, 2001

24. We have noticed the aforesaid paragraph as it was contended by Mr. V. Lakshmi Kumaran, Advocate appearing on behalf of the respondent No.1 that in Associated Cement Company (supra), the Supreme Court has held that 1/3 of the amount payable by the importer should be taken as a figure representing the technical value of the imported material. The said contention was rightly rejected by the Settlement Commission in view of the TCA in the present case. This is not a case of a composite/multiple contract.
Supreme Court of India Cites 51 - Cited by 160 - D Raju - Full Document
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