1999 (3) TMI 136 - AT - Customs

Summary

The case involved an appeal regarding the valuation of imported metal accessories for imitation jewelry made of brass. The department proposed an enhanced value based on the London Metal Exchange price of brass. The Collector (Appeals) allowed the appeal, noting the goods were manufactured in China and factors like material cost were not considered. The tribunal agreed that the cost of the goods should not be lower than the raw material cost, and since the department failed to prove otherwise, the appeal was dismissed.