https://www.taxtmi.com/caselaws?id=212264 Old and used ship chains imported as heavy melting scrap were treated as waste and scrap under Heading 72.04 because the import documents, inspection certificate and surrounding material showed the goods were worn out and no longer usable as chains; the department did not rebut that evidence, so classification under Heading 73.15 was unsustainable. The declared assessable value of US $ 370 per MT was also accepted because the proposed enhancement to US $ 480 per MT rested only on a presumption drawn from the value of new chains and lacked a rational or reliable valuation basis. The material therefore supported assessment as scrap on the declared value. en-us Fri, 20 May 2011 00:00:00 +0530 Tue, 10 Apr 2012 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212264 Old and used ship chains imported as heavy melting scrap were treated as waste and scrap under Heading 72.04 because the import documents, inspection certificate and surrounding material showed the goods were worn out and no longer usable as chains; the department did not rebut that evidence, so classification under Heading 73.15 was unsustainable. The declared assessable value of US $ 370 per MT was also accepted because the proposed enhancement to US $ 480 per MT rested only on a presumption drawn from the value of new chains and lacked a rational or reliable valuation basis. The material therefore supported assessment as scrap on the declared value. Case-Laws Customs Fri, 20 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212264