https://www.taxtmi.com/caselaws?id=81761 The Tribunal allowed the appeal, setting aside the Collector's order to enhance the value of imported goods based on a proforma invoice. They emphasized that in the absence of evidence supporting a higher value, the invoice price should be accepted, highlighting the commercial nature of negotiations in determining the assessable value. The Tribunal found that the price in the proforma invoice should not solely dictate the assessable value and that negotiations between parties are common in commercial transactions, not indicative of extra-commercial considerations. en-us Wed, 15 Jan 1992 00:00:00 +0530 Tue, 28 Jun 2011 16:51:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81761 The Tribunal allowed the appeal, setting aside the Collector's order to enhance the value of imported goods based on a proforma invoice. They emphasized that in the absence of evidence supporting a higher value, the invoice price should be accepted, highlighting the commercial nature of negotiations in determining the assessable value. The Tribunal found that the price in the proforma invoice should not solely dictate the assessable value and that negotiations between parties are common in commercial transactions, not indicative of extra-commercial considerations. Case-Laws Customs Wed, 15 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81761