https://www.taxtmi.com/caselaws?id=85691 The Appellate Tribunal CEGAT, New Delhi, dismissed the appeal concerning the valuation of imported machinery, specifically a second-hand Strausak Hobbing Machine. The Tribunal upheld the rejection of the invoice value by the Assistant Collector, who had enhanced the valuation based on depreciation calculations. The appellants' arguments for accepting the transaction value were rejected, emphasizing the need for adequate material to justify rejecting the invoice price. Additionally, the Tribunal declined to address the absence of a show cause notice, stating it should have been raised earlier in the appeal process. Ultimately, the appeal was dismissed, affirming the decision on valuation and procedural grounds. en-us Fri, 19 Jul 1996 00:00:00 +0530 Sat, 06 Aug 2011 15:50:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85691 The Appellate Tribunal CEGAT, New Delhi, dismissed the appeal concerning the valuation of imported machinery, specifically a second-hand Strausak Hobbing Machine. The Tribunal upheld the rejection of the invoice value by the Assistant Collector, who had enhanced the valuation based on depreciation calculations. The appellants' arguments for accepting the transaction value were rejected, emphasizing the need for adequate material to justify rejecting the invoice price. Additionally, the Tribunal declined to address the absence of a show cause notice, stating it should have been raised earlier in the appeal process. Ultimately, the appeal was dismissed, affirming the decision on valuation and procedural grounds. Case-Laws Central Excise Fri, 19 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85691