2001 (1) TMI 450 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Bangalore remanded a case back to the Commissioner of Customs House, Cochin for reevaluation of the assessable value of an imported car, as the original determination based on prevailing domestic price in Japan was deemed incorrect. The Tribunal directed the Commissioner to consider contemporary evidence and market value in accordance with the Customs Act, allowing the party to raise all connected pleas during the reevaluation proceedings. The appeal was allowed by way of remand.