https://www.taxtmi.com/caselaws?id=110245 The Appellate Tribunal CESTAT, New Delhi allowed the appeal against the rejection of the transaction value declared by the importer for goods predominantly composed of polypropylene and polyethylene. The Tribunal held that the use of Platt's Weekly Bulletin to determine the assessable value was not appropriate as it does not reflect actual transaction values. The decision emphasized that the declared transaction value should not be rejected based on prices of prime quality goods and set aside the Customs Authorities' valuation, granting relief to the appellant. en-us Mon, 08 Dec 2003 00:00:00 +0530 Sat, 14 Apr 2012 13:18:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110245 The Appellate Tribunal CESTAT, New Delhi allowed the appeal against the rejection of the transaction value declared by the importer for goods predominantly composed of polypropylene and polyethylene. The Tribunal held that the use of Platt's Weekly Bulletin to determine the assessable value was not appropriate as it does not reflect actual transaction values. The decision emphasized that the declared transaction value should not be rejected based on prices of prime quality goods and set aside the Customs Authorities' valuation, granting relief to the appellant. Case-Laws Customs Mon, 08 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110245