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2016 (11) TMI 174 - CESTAT MUMBAI

2016 (11) TMI 174 - CESTAT MUMBAI - TMI - Valuation - enhancement of value - Stainless Steel Scraps Sheets - use of product as such - Comparison of the circle of stainless steel with CR coil - Held that: - No evidences whatsoever is on the record to substantiate the claim that stainless steel of 316L grade comes of premium of US$300PMT as compared to 304L grade variety. Without any evidence such assertions is unsubstantiated and liable to be rejected. Stainless Steel circle imported by the appel .....

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Member (Technical) None for the Appellants Shri. D.K. Sinha, Asstt. Commissioner(A.R.) for the Respondent ORDER The appeal has been filed by the appellant, Teekay Metaflex Pvt Ltd against enhancement of value of Stainless Steel Scraps Sheets . The appellant had imported Stainless Steel Scraps Sheets and it was found that 70% of the consignment was in form of SS circles. It was alleged that these circles can be used as such and therefore cannot be treated as scrap. The material was held to be 316 .....

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30% of the consignment held to be SS scrap was enhanced to US$ 1000/- PMT CIF and value of 70% of the goods, held to be premium goods, was enhance to US$2100 PMT. Aggrieved by the impugned order, appellant is before Tribunal. 2. Appellant also filed Misc. Application for change of title from Teekay Metaflex Pvt Ltd to M/s. Teekay Flowflex Private Limited. In this regard appellant filed certificate of Incorporation Consequent upon change of name duly signed by Registrar of Companies, Maharashtra .....

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