https://www.taxtmi.com/caselaws?id=111499 The Tribunal upheld the Commissioner's decision to grant benefits under Customs Notification 11/97 for imported medical equipment intended for paediatric use. It rejected the Revenue's argument on valuation based on an older invoice, emphasizing the need for contemporaneous pricing for accurate valuation of goods. The ruling highlighted the importance of interpreting customs notifications to provide intended benefits and considering current market conditions for valuation purposes. en-us Tue, 09 Mar 2004 00:00:00 +0530 Mon, 23 Apr 2012 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111499 The Tribunal upheld the Commissioner's decision to grant benefits under Customs Notification 11/97 for imported medical equipment intended for paediatric use. It rejected the Revenue's argument on valuation based on an older invoice, emphasizing the need for contemporaneous pricing for accurate valuation of goods. The ruling highlighted the importance of interpreting customs notifications to provide intended benefits and considering current market conditions for valuation purposes. Case-Laws Customs Tue, 09 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111499