https://www.taxtmi.com/caselaws?id=119334 The Appellate Tribunal CESTAT, Chennai, dismissed the Revenue's application for a stay of the impugned order and proceeded to dispose of the appeal. It upheld the Commissioner (Appeals)'s decision to reject the assessable value based on a proforma invoice, emphasizing the inadequacy of such documents for valuation. The Tribunal found the original authority's valuation unsustainable, leading to the dismissal of the appeal. The case underscores the necessity of valid bases for valuation and adherence to legal principles in determining the assessable value of imported goods. en-us Thu, 29 Sep 2005 00:00:00 +0530 Tue, 10 Jul 2012 14:41:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119334 The Appellate Tribunal CESTAT, Chennai, dismissed the Revenue's application for a stay of the impugned order and proceeded to dispose of the appeal. It upheld the Commissioner (Appeals)'s decision to reject the assessable value based on a proforma invoice, emphasizing the inadequacy of such documents for valuation. The Tribunal found the original authority's valuation unsustainable, leading to the dismissal of the appeal. The case underscores the necessity of valid bases for valuation and adherence to legal principles in determining the assessable value of imported goods. Case-Laws Customs Thu, 29 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119334