2002 (11) TMI 711 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai upheld the Commissioner (Appeals) order regarding the valuation of imports made by the respondent, rejecting the revenue's challenge. The respondent imported Polysulphide Polymer Grade LP 33 from M/s. Morton International Limited, UK, at a discounted price based on global supply to Forsoc Group. The Tribunal affirmed the Commissioner's decision, stating that quantity-wise discount based on global supply cannot be rejected.