https://www.taxtmi.com/caselaws?id=81087 The tribunal ruled in favor of the appellants in a dispute over the assessment of imported zip fasteners. It held that the original contract price, agreed upon in October 1980, should be accepted for assessment purposes despite a subsequent contract in March 1981. The tribunal found no evidence of under-valuation or lack of genuineness in the original contract price, directing the Asstt. Collector to reassess the value based on this decision. The appeals were allowed in favor of the appellants, emphasizing the importance of honoring the contract price in the absence of contrary evidence. en-us Fri, 23 Feb 1990 00:00:00 +0530 Wed, 22 Jun 2011 13:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81087 The tribunal ruled in favor of the appellants in a dispute over the assessment of imported zip fasteners. It held that the original contract price, agreed upon in October 1980, should be accepted for assessment purposes despite a subsequent contract in March 1981. The tribunal found no evidence of under-valuation or lack of genuineness in the original contract price, directing the Asstt. Collector to reassess the value based on this decision. The appeals were allowed in favor of the appellants, emphasizing the importance of honoring the contract price in the absence of contrary evidence. Case-Laws Customs Fri, 23 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81087