https://www.taxtmi.com/caselaws?id=90059 The Tribunal ruled in favor of the appellants in a case concerning a discrepancy in the declared price of imported goods compared to the price assessed by Customs Authorities. The appellants successfully challenged the Customs Authorities' decision to increase the price, arguing that the adjustment was made under duress and lacked supporting evidence. The Tribunal emphasized the importance of adhering to Customs (Valuation) Rules and accepted the transaction-value declared by the appellants, allowing the appeal and indicating the possibility of a refund based on the Customs Act, 1962. en-us Thu, 05 Feb 1998 00:00:00 +0530 Mon, 03 Oct 2011 12:02:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90059 The Tribunal ruled in favor of the appellants in a case concerning a discrepancy in the declared price of imported goods compared to the price assessed by Customs Authorities. The appellants successfully challenged the Customs Authorities' decision to increase the price, arguing that the adjustment was made under duress and lacked supporting evidence. The Tribunal emphasized the importance of adhering to Customs (Valuation) Rules and accepted the transaction-value declared by the appellants, allowing the appeal and indicating the possibility of a refund based on the Customs Act, 1962. Case-Laws Customs Thu, 05 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90059