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M/s. Teekay Flowflex Private Limited (formerly known as Teekay Metaflex Pvt Ltd) Versus Commissioner of Customs Appraising Group IV, Mumbai

2016 (11) TMI 174 - CESTAT MUMBAI

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 stee .....

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h. The LME price of CR coils of stainless steel has been taken for comparison. CR Coils are prime product of continuous length. Comparison of the circle of stainless steel to prime product namely CR Coil is incorrect and cannot be allowed - appeal al .....

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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 Scrap .....

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- PMT CIF. It was alleged that the Stainless Steel Scraps of 305 grade was noticed for import at the rate US$715 PMT CIF and the scrap of 316L grade is about US$275-300 PMT more expensive than mat of 305 grade. Furthermore it was held that the LME of .....

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p 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 fro .....

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the appellant Misc. Application is allowed. 3. Ld. Counsel argued that no evidences has been produced that the grade 316 L is superior to grade 304L and commands a premium of US$275 TO 300 PMT. He further argued that circle imported by them are cut p .....

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sions, we find that the value has been enhanced on the basis of following arguments: (a) that stainless steel 316L grade is superior to 304grade and commands a premium of US$275 to US$300 PMT. (b) that stainless steel circle each weighing less than h .....

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