2000 (10) TMI 377 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai ruled in a case involving imported cobalt metal briquettes. The department wanted to assess the price based on London Metal Exchange (LME) prices, but the tribunal disagreed. The tribunal found the importer's price to be in line with LME prices, with a negligible difference of less than 2%. The appeal was dismissed.