https://www.taxtmi.com/caselaws?id=107599 The Tribunal held that the assessable value of stainless seamless tubes and pipes imported by a company should be based on the transaction value declared in the invoice received from the supplier, in line with the principle established by the Supreme Court. As none of the exceptions in the Customs Valuation Rules applied, the Tribunal set aside the Commissioner's decision to treat the entire consignment as seconds and scrap, allowing the company's appeal and directing a fresh decision solely on the valuation of the imported goods. en-us Thu, 19 Jun 2003 00:00:00 +0530 Fri, 23 Mar 2012 16:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107599 The Tribunal held that the assessable value of stainless seamless tubes and pipes imported by a company should be based on the transaction value declared in the invoice received from the supplier, in line with the principle established by the Supreme Court. As none of the exceptions in the Customs Valuation Rules applied, the Tribunal set aside the Commissioner's decision to treat the entire consignment as seconds and scrap, allowing the company's appeal and directing a fresh decision solely on the valuation of the imported goods. Case-Laws Customs Thu, 19 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107599