2001 (2) TMI 244 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai upheld the importation of cloves and cassia by Kumar & Co. The import was challenged for under-declaration of value and unauthorized import. The Commissioner (Appeals) confirmed the valuation but deemed the import legal based on the licenses' conditions. The appeal was dismissed as the licenses were governed by the import policy at the time of issue.