https://www.taxtmi.com/caselaws?id=114933 The Tribunal rejected the Revenue's appeal against the setting aside of the enhancement of the assessable value of imported goods by the Commissioner (Appeals). It emphasized that the transaction value should be accepted for assessment unless the Department provides evidence to the contrary, with the burden of proof on the Department. The Tribunal found that there was no contemporaneous evidence to doubt the declared value, leading to the dismissal of the Revenue's appeal. The judgment underscored the significance of adhering to transaction value and the requirement of contemporaneous evidence to challenge declared values under the Customs Valuation Rules. en-us Mon, 10 Jan 2005 00:00:00 +0530 Tue, 22 May 2012 14:14:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114933 The Tribunal rejected the Revenue's appeal against the setting aside of the enhancement of the assessable value of imported goods by the Commissioner (Appeals). It emphasized that the transaction value should be accepted for assessment unless the Department provides evidence to the contrary, with the burden of proof on the Department. The Tribunal found that there was no contemporaneous evidence to doubt the declared value, leading to the dismissal of the Revenue's appeal. The judgment underscored the significance of adhering to transaction value and the requirement of contemporaneous evidence to challenge declared values under the Customs Valuation Rules. Case-Laws Customs Mon, 10 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114933