1987 (11) TMI 268 - AT - Customs

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal of the appellants regarding importation of Video Magnetic Tapes in Hubs, holding that it was validly covered by their Import Licence. The Tribunal also set aside the lower authority's decision on valuation, giving the benefit of doubt to the appellants and accepting the invoice value of the goods. The appeal was allowed, and consequential relief was granted to the appellants.