https://www.taxtmi.com/caselaws?id=117174 The Appellate Tribunal CESTAT, NEW DELHI allowed four appeals challenging the enhancement of values by Custom authorities for flocked fabrics and PU leather cloth during Customs duty assessment. The Tribunal found that the appellant's lower purchase prices were justified due to direct bulk purchases from manufacturers, indicating genuine commercial nature. Contemporaneous imports at higher prices by other importers were deemed insufficient grounds for rejecting transaction values. Consequently, the Tribunal set aside the enhanced values for Customs duty assessment, emphasizing the need for valid reasons to reject transaction values. en-us Thu, 22 Dec 2005 00:00:00 +0530 Wed, 20 Jun 2012 17:51:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117174 The Appellate Tribunal CESTAT, NEW DELHI allowed four appeals challenging the enhancement of values by Custom authorities for flocked fabrics and PU leather cloth during Customs duty assessment. The Tribunal found that the appellant's lower purchase prices were justified due to direct bulk purchases from manufacturers, indicating genuine commercial nature. Contemporaneous imports at higher prices by other importers were deemed insufficient grounds for rejecting transaction values. Consequently, the Tribunal set aside the enhanced values for Customs duty assessment, emphasizing the need for valid reasons to reject transaction values. Case-Laws Customs Thu, 22 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117174