1999 (9) TMI 270 - AT - Customs

Summary

The appellate tribunal upheld the Collector's decision regarding the assessable value of imported video magnetic tapes, based on comparison with prices of similar goods imported by another party. The tribunal rejected the appellant's arguments about comparability and timing of imports, concluding that the prices were stable. The tribunal found no grounds to overturn the Collector's order, and dismissed both appeals. Confiscation of goods, redemption fine, and penalties were upheld.