https://www.taxtmi.com/caselaws?id=110418 The Tribunal ruled in favor of the exporters, setting aside the Customs authority's decision to enhance the FOB value of peeled and undeveined red tiny shrimps. The Tribunal emphasized the importance of concrete evidence in valuation, critiquing the reliance on indicative prices and lack of comparability in determining the export price. It highlighted the significance of respecting contracts between exporters and foreign buyers, as well as the requirement to accept declared prices in the absence of evidence challenging their genuineness. The judgment stresses the need for adherence to legal principles and thorough evaluation of relevant factors in international trade valuation. en-us Fri, 12 Dec 2003 00:00:00 +0530 Mon, 16 Apr 2012 17:05:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110418 The Tribunal ruled in favor of the exporters, setting aside the Customs authority's decision to enhance the FOB value of peeled and undeveined red tiny shrimps. The Tribunal emphasized the importance of concrete evidence in valuation, critiquing the reliance on indicative prices and lack of comparability in determining the export price. It highlighted the significance of respecting contracts between exporters and foreign buyers, as well as the requirement to accept declared prices in the absence of evidence challenging their genuineness. The judgment stresses the need for adherence to legal principles and thorough evaluation of relevant factors in international trade valuation. Case-Laws Customs Fri, 12 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110418