https://www.taxtmi.com/caselaws?id=110498 The Tribunal allowed the appeal of the appellant in a customs valuation case involving imported educational video games. The Tribunal held that the transaction value declared by the appellant should be accepted for assessment as it was supported by valid commercial reasons and not significantly different from the value proposed by the Customs Commissioner. The Tribunal found that the rejection of the declared value by Customs Authorities lacked adequate justification, leading to the set aside of the impugned order for confiscation and penalty, as the difference in values did not warrant such severe consequences. en-us Thu, 24 Jul 2003 00:00:00 +0530 Tue, 17 Apr 2012 11:44:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110498 The Tribunal allowed the appeal of the appellant in a customs valuation case involving imported educational video games. The Tribunal held that the transaction value declared by the appellant should be accepted for assessment as it was supported by valid commercial reasons and not significantly different from the value proposed by the Customs Commissioner. The Tribunal found that the rejection of the declared value by Customs Authorities lacked adequate justification, leading to the set aside of the impugned order for confiscation and penalty, as the difference in values did not warrant such severe consequences. Case-Laws Central Excise Thu, 24 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110498