https://www.taxtmi.com/caselaws?id=87228 The Tribunal rejected the appellants' argument that the negotiated price of US $1,200 per metric ton should be accepted as the transaction value for the imported goods, finding that the declared price did not represent the true value under the Customs Act and Valuation Rules. Despite the appellants' contentions regarding market trends and negotiation circumstances, the Tribunal upheld the assessable value determined by the Assistant Commissioner of Customs at US $1,400 per metric ton, emphasizing that the lower price was influenced by factors beyond market trends. As a result, the appeal was dismissed, affirming the decision of the Assistant Commissioner of Customs. en-us Thu, 31 Jul 1997 00:00:00 +0530 Sat, 03 Sep 2011 15:52:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87228 The Tribunal rejected the appellants' argument that the negotiated price of US $1,200 per metric ton should be accepted as the transaction value for the imported goods, finding that the declared price did not represent the true value under the Customs Act and Valuation Rules. Despite the appellants' contentions regarding market trends and negotiation circumstances, the Tribunal upheld the assessable value determined by the Assistant Commissioner of Customs at US $1,400 per metric ton, emphasizing that the lower price was influenced by factors beyond market trends. As a result, the appeal was dismissed, affirming the decision of the Assistant Commissioner of Customs. Case-Laws Customs Thu, 31 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87228