https://www.taxtmi.com/caselaws?id=75450 The appeal involved a dispute over the declared value of imported Phenol. The appellant successfully rebutted doubts regarding the transaction value by providing evidence, leading to the acceptance of the Transaction Value for assessment under Section 14 of the Act. The Commissioner's decision was upheld by the Appellate Tribunal, rejecting the Revenue's appeal. The case underscores the need for substantial evidence to support declared transaction values in import disputes and the significance of contracts based on international prices in determining the value of imported goods for assessment under the law. en-us Tue, 23 Jun 2009 00:00:00 +0530 Fri, 16 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75450 The appeal involved a dispute over the declared value of imported Phenol. The appellant successfully rebutted doubts regarding the transaction value by providing evidence, leading to the acceptance of the Transaction Value for assessment under Section 14 of the Act. The Commissioner's decision was upheld by the Appellate Tribunal, rejecting the Revenue's appeal. The case underscores the need for substantial evidence to support declared transaction values in import disputes and the significance of contracts based on international prices in determining the value of imported goods for assessment under the law. Case-Laws Customs Tue, 23 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75450