https://www.taxtmi.com/caselaws?id=88036 The Tribunal upheld the Department's enhancement of the assessable value of imported goods to US $1,010 PMT CIF, rejecting the appellant's argument based on a discrepancy in grade numbers. The Collector of Customs (Appeals) decision was overturned due to an error in assessing the grade numbers, leading to the restoration of the Assistant Collector of Customs' order. The negotiated price in the invoice was not accepted as the assessable value under Section 14(1) of the Customs Act, with the Tribunal ruling in favor of the Department's valuation approach. en-us Tue, 07 Oct 1997 00:00:00 +0530 Wed, 14 Sep 2011 16:02:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88036 The Tribunal upheld the Department's enhancement of the assessable value of imported goods to US $1,010 PMT CIF, rejecting the appellant's argument based on a discrepancy in grade numbers. The Collector of Customs (Appeals) decision was overturned due to an error in assessing the grade numbers, leading to the restoration of the Assistant Collector of Customs' order. The negotiated price in the invoice was not accepted as the assessable value under Section 14(1) of the Customs Act, with the Tribunal ruling in favor of the Department's valuation approach. Case-Laws Customs Tue, 07 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88036