Appellate tribunal overturns valuation order for imported aluminium scrap. No evidence of undervaluation.

The appellate tribunal set aside the impugned order regarding the valuation of imported aluminium scrap of Tepid Grade. The tribunal found no justification for enhancing the value based on the London Metal Exchange price as there was no evidence of undervaluation in the transaction value. The appeal was allowed.

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The appellate tribunal set aside the impugned order regarding the valuation of imported aluminium scrap of Tepid Grade. The tribunal found no justification for enhancing the value based on the London Metal Exchange price as there was no evidence of undervaluation in the transaction value. The appeal was allowed.

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