https://www.taxtmi.com/caselaws?id=105969 The Tribunal set aside the Customs Authorities' decision to enhance the declared value of Zanzibar cloves, citing lack of evidence for the enhancement. Emphasizing the importance of transaction value under the Customs Act, the Tribunal rejected the reliance on external documents for valuation. Ruling in favor of the appellants, it concluded that the enhancement, confiscation of goods, and penalties were unjustified. The appellants were granted consequential relief, underscoring the significance of transaction value in the valuation of imported goods. en-us Mon, 13 Sep 1999 00:00:00 +0530 Mon, 12 Mar 2012 11:46:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105969 The Tribunal set aside the Customs Authorities' decision to enhance the declared value of Zanzibar cloves, citing lack of evidence for the enhancement. Emphasizing the importance of transaction value under the Customs Act, the Tribunal rejected the reliance on external documents for valuation. Ruling in favor of the appellants, it concluded that the enhancement, confiscation of goods, and penalties were unjustified. The appellants were granted consequential relief, underscoring the significance of transaction value in the valuation of imported goods. Case-Laws Customs Mon, 13 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105969