Tribunal Upholds Transaction Value for Imported Goods

The Revenue's appeal against the Order-in-Appeal was dismissed by the Appellate Tribunal CESTAT Mumbai. The tribunal upheld the transaction value declared by the respondent for imported goods, stating that the value cannot be enhanced based on supplier quotations. Trade discounts are acceptable in international trade, and there was no evidence of undervaluation.

---

---

The Revenue's appeal against the Order-in-Appeal was dismissed by the Appellate Tribunal CESTAT Mumbai. The tribunal upheld the transaction value declared by the respondent for imported goods, stating that the value cannot be enhanced based on supplier quotations. Trade discounts are acceptable in international trade, and there was no evidence of undervaluation.

---