https://www.taxtmi.com/caselaws?id=118643 The Tribunal ruled in favor of the appellants in a case concerning the valuation of imported goods. The dispute arose when the declared value of the goods was rejected and raised during assessment. The Tribunal held that the transaction value declared by the importers should have been accepted, as it complied with the Customs Valuation Rules. Additionally, the Tribunal found that the attempt to enhance the value of goods after a significant period was time-barred under the Customs Act, 1962. Consequently, the Tribunal set aside the order, allowing the appeals based on valuation issues and the plea of limitation. en-us Fri, 08 Sep 2006 00:00:00 +0530 Wed, 04 Jul 2012 17:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118643 The Tribunal ruled in favor of the appellants in a case concerning the valuation of imported goods. The dispute arose when the declared value of the goods was rejected and raised during assessment. The Tribunal held that the transaction value declared by the importers should have been accepted, as it complied with the Customs Valuation Rules. Additionally, the Tribunal found that the attempt to enhance the value of goods after a significant period was time-barred under the Customs Act, 1962. Consequently, the Tribunal set aside the order, allowing the appeals based on valuation issues and the plea of limitation. Case-Laws Customs Fri, 08 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118643