2000 (1) TMI 656 - AT - Customs

Summary

The appellate tribunal considered the value of second-hand moulds for imported tires. The tribunal rejected the inflated value suggested by the customs appraiser and emphasized the need for a proper valuation method. Rules 5, 6, and 7 of the Valuation Rules were deemed inapplicable. The tribunal recommended determining the value based on the cost of new moulds with appropriate depreciation. The appeal was allowed, and the previous order was overturned.