2001 (8) TMI 485 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai waived the pre-deposit of differential duty and penalty for the appellant in a case involving imported goods described as "Stock Lot of Glass Fibre and Stock Lot of Glass Fibre Yarn." The Tribunal found that the goods were prima facie considered stock lots based on evidence presented, and therefore, the enhancement of value was not justified. Recovery of duty and penalty was stayed pending the appeal.