https://www.taxtmi.com/caselaws?id=87569 The Tribunal allowed the appeal in a case involving the under-valuation of imported car parts, particularly cigarette lighters. The Department alleged under-valuation based on market prices and Valuation Rules, increasing the value significantly. However, the Tribunal sided with the appellant, highlighting discrepancies in the Department's valuation methodology and lack of evidence supporting the increased value. The Tribunal emphasized the necessity of adhering to Valuation Rules and conducting transparent valuation processes to avoid arbitrary determinations of assessable value, ultimately setting aside the impugned order. en-us Mon, 22 Sep 1997 00:00:00 +0530 Tue, 06 Sep 2011 18:31:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87569 The Tribunal allowed the appeal in a case involving the under-valuation of imported car parts, particularly cigarette lighters. The Department alleged under-valuation based on market prices and Valuation Rules, increasing the value significantly. However, the Tribunal sided with the appellant, highlighting discrepancies in the Department's valuation methodology and lack of evidence supporting the increased value. The Tribunal emphasized the necessity of adhering to Valuation Rules and conducting transparent valuation processes to avoid arbitrary determinations of assessable value, ultimately setting aside the impugned order. Case-Laws Customs Mon, 22 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87569