https://www.taxtmi.com/caselaws?id=221890 The case involved the interpretation of Notification No. 158/95-Cus. for re-imported goods and the determination of assessable value for defective goods. The Tribunal upheld the Commissioner's decision to allow the benefit of the notification to the respondents, setting the assessable value at Rs. 7,224 and confirming a demand of Rs. 3,670. It rejected the Revenue's plea to apply Valuation Rules for first-time imports to the re-imported defective goods, emphasizing the unique nature of re-imported rejected goods. The judgment clarifies the valuation principles for re-imported goods and highlights the importance of considering specific circumstances in customs duty calculation. en-us Wed, 29 Aug 2012 00:00:00 +0530 Thu, 04 Apr 2013 22:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221890 The case involved the interpretation of Notification No. 158/95-Cus. for re-imported goods and the determination of assessable value for defective goods. The Tribunal upheld the Commissioner's decision to allow the benefit of the notification to the respondents, setting the assessable value at Rs. 7,224 and confirming a demand of Rs. 3,670. It rejected the Revenue's plea to apply Valuation Rules for first-time imports to the re-imported defective goods, emphasizing the unique nature of re-imported rejected goods. The judgment clarifies the valuation principles for re-imported goods and highlights the importance of considering specific circumstances in customs duty calculation. Case-Laws Customs Wed, 29 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221890