https://www.taxtmi.com/caselaws?id=78412 The Appellate Tribunal CESTAT, Ahmedabad set aside the impugned order in a case involving a discrepancy in the declared price of imported goods. Despite doubts raised by authorities, the tribunal ruled in favor of the appellants, emphasizing the importance of contractual evidence and lack of conclusive evidence against the declared transaction value. The decision highlighted the significance of supporting documentation, including a contract, Letter of Credit, and market price data, ultimately leading to the appeal being allowed due to insufficient evidence to reject the transaction value. en-us Wed, 05 May 2010 00:00:00 +0530 Mon, 15 Nov 2010 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78412 The Appellate Tribunal CESTAT, Ahmedabad set aside the impugned order in a case involving a discrepancy in the declared price of imported goods. Despite doubts raised by authorities, the tribunal ruled in favor of the appellants, emphasizing the importance of contractual evidence and lack of conclusive evidence against the declared transaction value. The decision highlighted the significance of supporting documentation, including a contract, Letter of Credit, and market price data, ultimately leading to the appeal being allowed due to insufficient evidence to reject the transaction value. Case-Laws Customs Wed, 05 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78412