https://www.taxtmi.com/caselaws?id=114811 The Tribunal set aside the Revenue's decision to enhance the assessable value of imported GEEPAS Brand VCD Players solely based on an email from UAE, valuing it higher than the declared value. Relying on precedents, the Tribunal emphasized the necessity of contemporaneous import evidence for valuation enhancement, highlighting the lack of proof that the transaction value was unacceptable or that extra consideration was provided to the supplier. The appeal was allowed, citing legal principles and judgments, including the requirement for sufficient evidence to support valuation adjustments. en-us Mon, 22 Nov 2004 00:00:00 +0530 Mon, 21 May 2012 13:12:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114811 The Tribunal set aside the Revenue's decision to enhance the assessable value of imported GEEPAS Brand VCD Players solely based on an email from UAE, valuing it higher than the declared value. Relying on precedents, the Tribunal emphasized the necessity of contemporaneous import evidence for valuation enhancement, highlighting the lack of proof that the transaction value was unacceptable or that extra consideration was provided to the supplier. The appeal was allowed, citing legal principles and judgments, including the requirement for sufficient evidence to support valuation adjustments. Case-Laws Customs Mon, 22 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114811