https://www.taxtmi.com/caselaws?id=81481 The Tribunal ruled in favor of the appellants in a case involving misdeclaration of the country of origin and under-valuation of imported goods. The Tribunal accepted the appellants' explanation for the misdeclaration, finding it to be a corrected mistake. Regarding the under-valuation issue, the Tribunal sided with the appellants, highlighting discrepancies in the Collector's evidence and emphasizing the importance of transaction value over the application of Rule 5 of the Customs Valuation Rules, 1988. The Tribunal set aside the Collector's order, concluding that the assessable value should not have been enhanced based on Rule 5. en-us Wed, 19 Jun 1991 00:00:00 +0530 Sat, 25 Jun 2011 14:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81481 The Tribunal ruled in favor of the appellants in a case involving misdeclaration of the country of origin and under-valuation of imported goods. The Tribunal accepted the appellants' explanation for the misdeclaration, finding it to be a corrected mistake. Regarding the under-valuation issue, the Tribunal sided with the appellants, highlighting discrepancies in the Collector's evidence and emphasizing the importance of transaction value over the application of Rule 5 of the Customs Valuation Rules, 1988. The Tribunal set aside the Collector's order, concluding that the assessable value should not have been enhanced based on Rule 5. Case-Laws Customs Wed, 19 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81481