2003 (7) TMI 159 - AT - Customs

Summary

The Appellate Tribunal CESTAT in New Delhi allowed the appeal of a cement manufacturer regarding the assessment of imported coal. Customs authorities proposed to assess at a higher value based on prices of other imports, but the Tribunal ruled that variations in prices due to quantity differences are common in trade. The Tribunal emphasized that the transaction value in each specific transaction should be considered for customs duty assessment, not prices in other transactions. The duty demand of over Rs. 54 lakhs was set aside.