https://www.taxtmi.com/caselaws?id=88142 The Tribunal upheld the Customs authorities' decision to reject the refund claim for excess duty paid on imported goods. It determined that the revised invoice, issued after post-clearance inspection and negotiations between the parties, could not be considered as the transaction value for customs duty calculation. The Tribunal emphasized that the price reduction in the revised invoice was a result of a compromise to settle disputes and not an acknowledgment of fault. Therefore, the appeal was dismissed, affirming the Customs authorities' decision. en-us Mon, 27 Jul 1998 00:00:00 +0530 Thu, 15 Sep 2011 13:21:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88142 The Tribunal upheld the Customs authorities' decision to reject the refund claim for excess duty paid on imported goods. It determined that the revised invoice, issued after post-clearance inspection and negotiations between the parties, could not be considered as the transaction value for customs duty calculation. The Tribunal emphasized that the price reduction in the revised invoice was a result of a compromise to settle disputes and not an acknowledgment of fault. Therefore, the appeal was dismissed, affirming the Customs authorities' decision. Case-Laws Customs Mon, 27 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88142