https://www.taxtmi.com/caselaws?id=75454 The Appellate Tribunal upheld the Commissioner (Appeals)'s decision in a case concerning the valuation of Styrene monomer imported from Malaysia. Despite the Revenue's challenge based on higher prices from the same origin, the respondents substantiated their declared value with commercial invoices and market data. The Commissioner found the evidence satisfactory, ruling in favor of the respondents. The Tribunal concurred, emphasizing the Revenue's failure to counter the evidence. Ultimately, the Tribunal rejected the Revenue's appeals, affirming the Commissioner's decision that the declared prices were justified and aligned with market rates. en-us Tue, 30 Jun 2009 00:00:00 +0530 Fri, 16 Apr 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75454 The Appellate Tribunal upheld the Commissioner (Appeals)'s decision in a case concerning the valuation of Styrene monomer imported from Malaysia. Despite the Revenue's challenge based on higher prices from the same origin, the respondents substantiated their declared value with commercial invoices and market data. The Commissioner found the evidence satisfactory, ruling in favor of the respondents. The Tribunal concurred, emphasizing the Revenue's failure to counter the evidence. Ultimately, the Tribunal rejected the Revenue's appeals, affirming the Commissioner's decision that the declared prices were justified and aligned with market rates. Case-Laws Customs Tue, 30 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75454