https://www.taxtmi.com/caselaws?id=85994 The Tribunal ruled in favor of the appellants in a case concerning the valuation of second-hand machinery for customs duty purposes. It found that the lower authority had not provided evidence of fraudulent behavior and should have accepted the invoice value declared by the appellants. The Tribunal emphasized that unless there are valid reasons to reject it, the transaction value should be accepted under Rule 4 of the Valuation Rules. Consequently, the Tribunal allowed the appeals and directed that the invoice value be accepted for assessment purposes. en-us Fri, 09 Aug 1996 00:00:00 +0530 Tue, 09 Aug 2011 15:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85994 The Tribunal ruled in favor of the appellants in a case concerning the valuation of second-hand machinery for customs duty purposes. It found that the lower authority had not provided evidence of fraudulent behavior and should have accepted the invoice value declared by the appellants. The Tribunal emphasized that unless there are valid reasons to reject it, the transaction value should be accepted under Rule 4 of the Valuation Rules. Consequently, the Tribunal allowed the appeals and directed that the invoice value be accepted for assessment purposes. Case-Laws Customs Fri, 09 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85994