CEGAT Upholds Assessable Value Decision for Reclaimed Rubber Sales

The Appellate Tribunal CEGAT, Mumbai upheld the Assistant Commissioner's decision on the assessable value of reclaimed rubber sold by the appellants, rejecting their appeal. The tribunal found that the declared prices were for individual buyers, not different classes, and supported the assessment method. The appellants were advised to seek invoice value assessment for market price fluctuations. The appeal was dismissed.

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The Appellate Tribunal CEGAT, Mumbai upheld the Assistant Commissioner's decision regarding the assessable value of reclaimed rubber sold by the appellants, rejecting their appeal. The tribunal found that the prices declared by the appellants were for individual buyers, not different classes of buyers, and upheld the assessment method used by the Assistant Commissioner. The appellants were advised to seek invoice value assessment for market price fluctuations. The appeal was rejected. (Case citation: 1997 (11) TMI 263 - CEGAT, Mumbai)

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