Import valuation stay relief rejected where revenue was secured by bond, bank guarantee, and goods had already been cleared.

A stay application seeking suspension of an appellate valuation order was rejected because no prima facie error was found in the impugned order. The revenue's interest was already protected by a bond and bank guarantee covering the differential duty arising from the import valuation dispute, and the goods had been cleared. On that basis, there was no sufficient ground to grant stay, and the application was dismissed.

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Issues: Whether the stay application seeking suspension of the appellate order reducing the import value of ginger from US $ 1200 per MT to US $ 800 per MT should be granted.

Analysis: On a prima facie consideration, no glaring error was found in the order under challenge. The revenue's interest was already secured by a bond and bank guarantee covering the differential duty arising from the valuation difference. As the goods had also been cleared, there was no sufficient basis to grant stay.

Conclusion: The stay application was rejected.

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