2015 (12) TMI 57 - AT - Customs

Reassessment of bill of entry - Valuation - Enhancement in value of goods - Held that - Commissioner (Appeals) has not given any basis to arrive at the conclusion that the declared value is the correct and to that extent his direction to the assessing Officer to reassess the Bill of Entry by accepting the declared value is prima-facie a non-speaking one making it unsustainable. We accordingly order the Revenue s stay application and stay operation of the impugned order-in-appeal with regard to its direction for reassessment of the Bill of Entry on the declared value. - Appeal disposed of.

Summary

The Appellate Tribunal CESTAT NEW DELHI, in Citation 2015 (12) TMI 57, granted stay on an order-in-appeal directing reassessment of Bill of Entry based on declared value, as the direction lacked basis and was unsustainable. The Tribunal found the direction to be non-speaking and ordered stay on the operation of the order-in-appeal.