https://www.taxtmi.com/caselaws?id=114722 The Appellate Tribunal ruled in favor of the appellant in a dispute over the valuation of imported Nickel Cathodes. The Tribunal found that the Customs authorities deviated from the agreed terms by using the London Metal Exchange price from the date of the contract instead of the date of LC opening. As the agreed transaction value was USD 4945 per metric ton, the correct assessable value was determined to be USD 4595 per metric ton. The Tribunal set aside the Customs order, deeming any demand exceeding this amount unsustainable, emphasizing the importance of adhering to contract terms for the valuation of imported goods. en-us Fri, 17 Dec 2004 00:00:00 +0530 Sat, 19 May 2012 13:25:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114722 The Appellate Tribunal ruled in favor of the appellant in a dispute over the valuation of imported Nickel Cathodes. The Tribunal found that the Customs authorities deviated from the agreed terms by using the London Metal Exchange price from the date of the contract instead of the date of LC opening. As the agreed transaction value was USD 4945 per metric ton, the correct assessable value was determined to be USD 4595 per metric ton. The Tribunal set aside the Customs order, deeming any demand exceeding this amount unsustainable, emphasizing the importance of adhering to contract terms for the valuation of imported goods. Case-Laws Customs Fri, 17 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114722