https://www.taxtmi.com/caselaws?id=93689 Imported steel sheets found in sheet form and not hydraulically compressed bundles were not treated as light melting scrap, because the statutory definition under Note 6 to Section XV controlled and trade understanding could not override it; the customs notification benefit was therefore denied for that part of the consignment. For the remaining quantity, the alleged prime-quality new electrolytic tin plates were not shown to justify the higher contemporaneous import value, so a lower value comparable to rejected or waste sheet material was accepted. The assessable value was reduced and duty, redemption fine and penalty were directed to be recomputed on remand. en-us Wed, 10 May 2000 00:00:00 +0530 Wed, 16 Nov 2011 12:14:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93689 Imported steel sheets found in sheet form and not hydraulically compressed bundles were not treated as light melting scrap, because the statutory definition under Note 6 to Section XV controlled and trade understanding could not override it; the customs notification benefit was therefore denied for that part of the consignment. For the remaining quantity, the alleged prime-quality new electrolytic tin plates were not shown to justify the higher contemporaneous import value, so a lower value comparable to rejected or waste sheet material was accepted. The assessable value was reduced and duty, redemption fine and penalty were directed to be recomputed on remand. Case-Laws Customs Wed, 10 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93689