2007 (3) TMI 501 - AT - Customs

Summary

The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant regarding the valuation of "Chinese Cassia Broken Grade III" imported into India. The customs authorities had rejected the import prices of US $600 PMT and ordered assessment at US $1100 PMT based on a ledger price from London, which was contrary to Custom Valuation Rules. The tribunal set aside the valuation orders and granted consequential relief to the appellant.