https://www.taxtmi.com/caselaws?id=89983 The Tribunal held that the customs value for imported manganese should be determined based on contemporaneous import prices and the relevance of London Metal Exchange (LME) prices. It found that the department erred in considering non-contemporaneous import prices and emphasized the importance of market stability in determining values. The Tribunal highlighted that LME prices can be indicative of prevailing market rates and reinstated the Assistant Collector's order, ultimately allowing the appeal and setting aside the impugned order. en-us Thu, 18 Feb 1999 00:00:00 +0530 Sat, 01 Oct 2011 15:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89983 The Tribunal held that the customs value for imported manganese should be determined based on contemporaneous import prices and the relevance of London Metal Exchange (LME) prices. It found that the department erred in considering non-contemporaneous import prices and emphasized the importance of market stability in determining values. The Tribunal highlighted that LME prices can be indicative of prevailing market rates and reinstated the Assistant Collector's order, ultimately allowing the appeal and setting aside the impugned order. Case-Laws Customs Thu, 18 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89983