CEGAT Chennai rejects revenue's stay application on ginger valuation, upholds Order-in-Appeal. Bond & bank guarantee required.

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.

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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.

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