https://www.taxtmi.com/caselaws?id=116392 The Tribunal set aside the customs authorities' assessment of an imported consignment of Phenol at a higher value than the invoice price, ruling in favor of the appellant, a manufacturer of Decorative Laminated sheets. The Tribunal found that the transaction value should have been accepted for assessment purposes, as there were no valid reasons provided for rejecting it. The Tribunal emphasized the commercial nature of the transaction and the lack of justification for adopting the value of identical goods for assessment. As a result, the appeal was allowed, and consequential relief was granted to the appellant. en-us Tue, 05 Jul 2005 00:00:00 +0530 Tue, 12 Jun 2012 10:48:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116392 The Tribunal set aside the customs authorities' assessment of an imported consignment of Phenol at a higher value than the invoice price, ruling in favor of the appellant, a manufacturer of Decorative Laminated sheets. The Tribunal found that the transaction value should have been accepted for assessment purposes, as there were no valid reasons provided for rejecting it. The Tribunal emphasized the commercial nature of the transaction and the lack of justification for adopting the value of identical goods for assessment. As a result, the appeal was allowed, and consequential relief was granted to the appellant. Case-Laws Customs Tue, 05 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116392