https://www.taxtmi.com/caselaws?id=112461 The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellant in a customs valuation case. The Tribunal found that the rejection of the transaction value based on a price list was unjustified as the authenticity of the list was not proven by the department. It was determined that the valuation should have been based on the transaction value, and the penalties imposed under the Customs Act were deemed unsustainable. As a result, the differential duty demands and penalties were set aside, and the appeal was allowed in favor of the appellant. en-us Fri, 20 Aug 2004 00:00:00 +0530 Mon, 30 Apr 2012 11:46:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112461 The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellant in a customs valuation case. The Tribunal found that the rejection of the transaction value based on a price list was unjustified as the authenticity of the list was not proven by the department. It was determined that the valuation should have been based on the transaction value, and the penalties imposed under the Customs Act were deemed unsustainable. As a result, the differential duty demands and penalties were set aside, and the appeal was allowed in favor of the appellant. Case-Laws Customs Fri, 20 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112461