2000 (3) TMI 575 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Chennai rejected the revenue's stay application against the Order-in-Appeal reducing the valuation of imported ginger from US $1200 to US $800 per MT. The Tribunal found no error in the Order-in-Appeal and noted that revenue interests were secured by a bond and bank guarantee. The stay application was rejected, with the condition that the bond and bank guarantee must be maintained until the appeal's conclusion.