https://www.taxtmi.com/caselaws?id=82349 The Tribunal allowed 177 appeals by Tata Iron & Steel Company Ltd., holding that buying commission should be excluded from the assessable value under the Customs Act. The Tribunal emphasized that buying commission was not to be included in the price paid, as per Customs Valuation Rules, and clarified that invoices from buying agents did not imply ownership. Relying on Rule 9(1)(i) exceptions and legal interpretations, the Tribunal directed revenue authorities to comply with the decision, highlighting the significance of adhering to Customs Valuation Rules in determining assessable value. en-us Fri, 06 Dec 1991 00:00:00 +0530 Mon, 04 Jul 2011 15:15:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82349 The Tribunal allowed 177 appeals by Tata Iron & Steel Company Ltd., holding that buying commission should be excluded from the assessable value under the Customs Act. The Tribunal emphasized that buying commission was not to be included in the price paid, as per Customs Valuation Rules, and clarified that invoices from buying agents did not imply ownership. Relying on Rule 9(1)(i) exceptions and legal interpretations, the Tribunal directed revenue authorities to comply with the decision, highlighting the significance of adhering to Customs Valuation Rules in determining assessable value. Case-Laws Customs Fri, 06 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82349