https://www.taxtmi.com/caselaws?id=51708 The Tribunal set aside the Commissioner of Customs' order, which enhanced the assessable value of Brass Scrap and Copper Scrap based solely on London Metal Exchange (LME) prices without contemporaneous import evidence. The Tribunal found that relying on LME prices without proof of imports at similar prices is impermissible under law. The appellant's appeal was allowed as the assessment solely based on LME prices was legally unsustainable. The Deputy Commissioner's mention of contemporaneous imports at similar prices was deemed insufficient without providing details during the appeal, leading to the overturning of the order and granting of the appeal. en-us Tue, 24 Sep 2002 00:00:00 +0530 Mon, 27 Sep 2010 17:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51708 The Tribunal set aside the Commissioner of Customs' order, which enhanced the assessable value of Brass Scrap and Copper Scrap based solely on London Metal Exchange (LME) prices without contemporaneous import evidence. The Tribunal found that relying on LME prices without proof of imports at similar prices is impermissible under law. The appellant's appeal was allowed as the assessment solely based on LME prices was legally unsustainable. The Deputy Commissioner's mention of contemporaneous imports at similar prices was deemed insufficient without providing details during the appeal, leading to the overturning of the order and granting of the appeal. Case-Laws Customs Tue, 24 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51708