https://www.taxtmi.com/caselaws?id=382002 Imported aluminium dross must be valued on the declared transaction value unless the Revenue first proves falsity or under-valuation with cogent evidence; enhancement on the basis of recoverable aluminium content and London Metal Exchange prices was rejected because the declared value was not shown to be incorrect. Additional duty of customs was also held inapplicable because aluminium dross was treated as a non-excisable waste product, so no corresponding excise duty arose on domestic manufacture. On that footing, the duty demand, interest, penalties and redemption fine were unsustainable. en-us Wed, 19 Jun 2019 00:00:00 +0530 Mon, 24 Jun 2019 07:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382002 Imported aluminium dross must be valued on the declared transaction value unless the Revenue first proves falsity or under-valuation with cogent evidence; enhancement on the basis of recoverable aluminium content and London Metal Exchange prices was rejected because the declared value was not shown to be incorrect. Additional duty of customs was also held inapplicable because aluminium dross was treated as a non-excisable waste product, so no corresponding excise duty arose on domestic manufacture. On that footing, the duty demand, interest, penalties and redemption fine were unsustainable. Case-Laws Customs Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382002