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2011 (5) TMI 796 - CESTAT, MUMBAIEnhancement of value - clearance of ”Heavy Melting Scrap” claiming classification under CTH 7204.4900 with Nil Basic plus 10% CVD. The unit value of the product was declared at US $ 370/- per MT. The Customs authorities on examination, found that the goods were old and used ship chains made of mild steel. Accordingly they revised classification under CTH 7315.20 as ”ship chains” and also enhanced the value for assessment purposes from US $ 370 to US $ 480 per MT - Held that:- these goods have to be treated as waste and scrap only, old, used and worn out ship chains merit classification as waste and scrap under Heading No. 72.04 of the Customs Tariff, reject the claim of the department to enhance the value from US $ 370 to US $ 480 per MT, goods should be assessed to duty at the value claimed by the appellant, which is US $ 370 per MT, appeal allowed [Patiala Castings Pvt. Ltd.(2002 - TMI - 46635 - HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH)]
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