CESTAT affirms stock lot classification for imported ink cartridges

The Appellate Tribunal CESTAT upheld the Commissioner of Customs (Appeals) order on imported ink cartridges as stock lot. The Tribunal dismissed the Revenue's appeal, affirming the goods' classification as stock lot due to their age and unsold status, contrary to the supplier's valuation for new goods.

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The Appellate Tribunal CESTAT, Mumbai upheld the order of the Commissioner of Customs (Appeals) regarding the declared value of imported ink cartridges as stock lot. The Tribunal rejected the Revenue's appeal, stating that the goods were correctly considered as stock lot due to being unsold for a long time and manufactured in 1995-1996. The value given by the supplier for new goods did not reflect the correct value of the stock in question.

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