https://www.taxtmi.com/caselaws?id=114628 The Appellate Tribunal CESTAT, New Delhi allowed the appeal in favor of the appellants in a dispute over the declared value of imported Gambier. The Tribunal found that the invoices relied upon by the Revenue, which were from a different country and represented a fraction of the actual goods imported by the appellants, were not comparable. The discrepancy in quantities and the impact of currency fluctuations were considered, leading to the decision to set aside the impugned order and allow the appeal. The Tribunal stressed the need to assess each import transaction's specific circumstances when determining the declared value of imported goods. en-us Thu, 07 Oct 2004 00:00:00 +0530 Fri, 18 May 2012 15:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114628 The Appellate Tribunal CESTAT, New Delhi allowed the appeal in favor of the appellants in a dispute over the declared value of imported Gambier. The Tribunal found that the invoices relied upon by the Revenue, which were from a different country and represented a fraction of the actual goods imported by the appellants, were not comparable. The discrepancy in quantities and the impact of currency fluctuations were considered, leading to the decision to set aside the impugned order and allow the appeal. The Tribunal stressed the need to assess each import transaction's specific circumstances when determining the declared value of imported goods. Case-Laws Customs Thu, 07 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114628