https://www.taxtmi.com/caselaws?id=98247 The tribunal ruled in favor of the appellant in a customs valuation dispute. The appellant challenged the department's increase in assessable value for the second consignment of zinc under a contract, arguing for acceptance of the transaction value. The tribunal emphasized the importance of honoring genuine contract prices, requiring clear evidence to reject invoice values. It held that the burden of proving undervaluation rested with the department, highlighting inconsistencies in rejecting prices without sufficient justification. The decision provided relief to the appellant, underscoring the need for evidence in customs valuation disputes. en-us Mon, 15 May 2000 00:00:00 +0530 Thu, 19 Jan 2012 17:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98247 The tribunal ruled in favor of the appellant in a customs valuation dispute. The appellant challenged the department's increase in assessable value for the second consignment of zinc under a contract, arguing for acceptance of the transaction value. The tribunal emphasized the importance of honoring genuine contract prices, requiring clear evidence to reject invoice values. It held that the burden of proving undervaluation rested with the department, highlighting inconsistencies in rejecting prices without sufficient justification. The decision provided relief to the appellant, underscoring the need for evidence in customs valuation disputes. Case-Laws Customs Mon, 15 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98247