2005 (8) TMI 24 - AT - Customs

Valuation(Customs)- Goods(ink catridges) are unsold for quite sometime and were manufactured in the year 1995 and 1996- Enhancement in the value due to time gap are set aside because good are from old stock

Summary

The Appellate Tribunal CESTAT, Mumbai upheld the order of the Commissioner of Customs (Appeals) regarding the declared value of imported ink cartridges as stock lot. The Tribunal rejected the Revenue's appeal, stating that the goods were correctly considered as stock lot due to being unsold for a long time and manufactured in 1995-1996. The value given by the supplier for new goods did not reflect the correct value of the stock in question.