https://www.taxtmi.com/caselaws?id=80990 The Tribunal ruled in favor of the appellants in a case involving the valuation of imported transistors. It found Customs' valuation lacking in reliable evidence, particularly regarding the nexus in time between importations and the reliability of quotations used. The Tribunal concluded that Customs had not proven mis-declaration of value by the appellants and highlighted the lack of evidence supporting allegations of illegal remittance of foreign exchange. It determined that the import price was fairly negotiated and set aside the Customs' order, directing relief for the appellants. en-us Fri, 04 Jan 1991 00:00:00 +0530 Tue, 21 Jun 2011 17:06:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80990 The Tribunal ruled in favor of the appellants in a case involving the valuation of imported transistors. It found Customs' valuation lacking in reliable evidence, particularly regarding the nexus in time between importations and the reliability of quotations used. The Tribunal concluded that Customs had not proven mis-declaration of value by the appellants and highlighted the lack of evidence supporting allegations of illegal remittance of foreign exchange. It determined that the import price was fairly negotiated and set aside the Customs' order, directing relief for the appellants. Case-Laws Customs Fri, 04 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80990