https://www.taxtmi.com/caselaws?id=335782 Imported stainless steel material was examined against its physical condition and expert report, which showed neatly strapped, palletised goods with machined edges and manufacturer markings, indicating that substantial quantities were serviceable stainless steel sheets rather than melting scrap. On that basis, the plea that the goods were merely scrap was rejected. The revenue's valuation based on contemporaneous imports also failed because the comparable goods did not match the classification or nature ultimately found, so the demand could not be sustained. Confiscation and consequential penalties were therefore set aside, and the importer's challenge succeeded. en-us Tue, 08 Nov 2016 00:00:00 +0530 Wed, 31 Jan 2018 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335782 Imported stainless steel material was examined against its physical condition and expert report, which showed neatly strapped, palletised goods with machined edges and manufacturer markings, indicating that substantial quantities were serviceable stainless steel sheets rather than melting scrap. On that basis, the plea that the goods were merely scrap was rejected. The revenue's valuation based on contemporaneous imports also failed because the comparable goods did not match the classification or nature ultimately found, so the demand could not be sustained. Confiscation and consequential penalties were therefore set aside, and the importer's challenge succeeded. Case-Laws Customs Tue, 08 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335782