https://www.taxtmi.com/caselaws?id=119513 The tribunal ruled in favor of the importer, setting aside the Revenue's valuation based on internet prices. The tribunal found the reliance on internet prices alone for valuation to be legally unsustainable, emphasizing the need for proper evidence and compliance with Customs Valuation Rules. The importer successfully contested the enhanced declared value by presenting arguments against undervaluation, highlighting discrepancies between received goods and internet prices. The decision underscored the importance of establishing undervaluation conclusively and clarified the limitations of using internet prices as the sole basis for valuation. en-us Thu, 16 Mar 2006 00:00:00 +0530 Wed, 11 Jul 2012 15:13:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119513 The tribunal ruled in favor of the importer, setting aside the Revenue's valuation based on internet prices. The tribunal found the reliance on internet prices alone for valuation to be legally unsustainable, emphasizing the need for proper evidence and compliance with Customs Valuation Rules. The importer successfully contested the enhanced declared value by presenting arguments against undervaluation, highlighting discrepancies between received goods and internet prices. The decision underscored the importance of establishing undervaluation conclusively and clarified the limitations of using internet prices as the sole basis for valuation. Case-Laws Customs Thu, 16 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119513