https://www.taxtmi.com/caselaws?id=93889 The Tribunal allowed the appeals, setting aside the penalty imposed under Section 112(a) of the Customs Act, 1962. They held that the Revenue was unjustified in increasing the assessable value of the imported plastic moulded components as there was no evidence to doubt the genuineness of the invoiced price from the foreign supplier. The Tribunal emphasized the lack of proof provided by the Revenue to question the authenticity of the invoice price, noting the variations in prices of plastic ball point pens based on quality. en-us Fri, 16 Jun 2000 00:00:00 +0530 Thu, 17 Nov 2011 16:00:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93889 The Tribunal allowed the appeals, setting aside the penalty imposed under Section 112(a) of the Customs Act, 1962. They held that the Revenue was unjustified in increasing the assessable value of the imported plastic moulded components as there was no evidence to doubt the genuineness of the invoiced price from the foreign supplier. The Tribunal emphasized the lack of proof provided by the Revenue to question the authenticity of the invoice price, noting the variations in prices of plastic ball point pens based on quality. Case-Laws Customs Fri, 16 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93889