Appellate Tribunal Upholds Stock Lot Classification for Imported Ink Cartridges

The Appellate Tribunal CESTAT, Mumbai upheld the Commissioner of Customs (Appeals) order on the valuation of imported ink cartridges as stock lot, rejecting the Revenue's appeal. The goods were classified as stock lot due to being unsold for an extended period and manufactured in 1995 and 1996. The Tribunal supported the declared value and dismissed the appeal for enhancement.

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The Appellate Tribunal CESTAT, Mumbai upheld the order of the Commissioner of Customs (Appeals) regarding the valuation of imported ink cartridges as stock lot, rejecting the Revenue's appeal. The goods were considered stock lot as they were unsold for a long time and manufactured in 1995 and 1996. The Tribunal agreed that the declared value was appropriate and not to be enhanced.

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