https://www.taxtmi.com/caselaws?id=769500 CESTAT Allahabad allowed the appeal regarding classification of imported silicon steel scraps. The tribunal held that goods were correctly classifiable under CTH 7204 49 00 as scrap rather than CTH 7225 19 00 as determined by lower authorities, based on Chartered Engineer's report confirming goods were not reusable in original condition. The tribunal rejected arbitrary value redetermination from $400 to $650 per MT, finding no misdeclaration justifying rejection of transaction value under valuation rules. Import authorization under FTP Para 2.17 was deemed inapplicable to scrap goods. Confiscation and penalties were set aside due to absence of misdeclaration or legal violation. en-us Thu, 24 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769500 CESTAT Allahabad allowed the appeal regarding classification of imported silicon steel scraps. The tribunal held that goods were correctly classifiable under CTH 7204 49 00 as scrap rather than CTH 7225 19 00 as determined by lower authorities, based on Chartered Engineer's report confirming goods were not reusable in original condition. The tribunal rejected arbitrary value redetermination from $400 to $650 per MT, finding no misdeclaration justifying rejection of transaction value under valuation rules. Import authorization under FTP Para 2.17 was deemed inapplicable to scrap goods. Confiscation and penalties were set aside due to absence of misdeclaration or legal violation. Case-Laws Customs Thu, 24 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769500