Steam coal imports from Indonesia is not overvalued: Appeal of department dismissed

Principal Commissioner of Customs Vs Vaibhav Agarwal (CESTAT Mumbai) CESTAT Mumbai held that consignment of steam coal imports from Indonesia is not overvalued and the scheme of valuation does not stand in support of the manner in which the value has been sought to be substituted in the notice. Accordingly, present appeals are dismissed. Facts- There is no travesty more horrendous and mortifying than that of an instrument of governance, chartered by empowering, and thereby particular and circumscribing, statute enacted also as earnest of sovereignty, and tempered, by its very purpose, through...