https://www.taxtmi.com/caselaws?id=106304 The Tribunal upheld the rejection of the transaction value and affirmed the assessment of imported Nylon Flock Fabrics at US $1.90 per meter. The appellant's argument of misdescription was dismissed due to discrepancies in goods descriptions and test reports confirming the material as Nylon Flocks. The Tribunal found the Customs authorities justified in concluding misdeclaration, rejecting the appellant's claims. Additionally, the Tribunal deemed the appellant's payment method suspicious, lacking satisfactory explanation, leading to the dismissal of the appeal and supporting the higher assessment based on the CIF value of contemporaneous import. en-us Thu, 09 May 2002 00:00:00 +0530 Tue, 13 Mar 2012 16:13:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106304 The Tribunal upheld the rejection of the transaction value and affirmed the assessment of imported Nylon Flock Fabrics at US $1.90 per meter. The appellant's argument of misdescription was dismissed due to discrepancies in goods descriptions and test reports confirming the material as Nylon Flocks. The Tribunal found the Customs authorities justified in concluding misdeclaration, rejecting the appellant's claims. Additionally, the Tribunal deemed the appellant's payment method suspicious, lacking satisfactory explanation, leading to the dismissal of the appeal and supporting the higher assessment based on the CIF value of contemporaneous import. Case-Laws Customs Thu, 09 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106304