https://www.taxtmi.com/caselaws?id=121331 The case involved a dispute over the valuation of imported Fly Back Transformers, initially declared at US $0.40 per piece but later increased to US $0.65 per piece by Customs Authorities. The appellants contested the enhanced valuation, arguing for acceptance of the declared price based on negotiated prices. However, the lower appellate authority upheld the enhanced valuation, relying on contemporaneous import prices and previous imports from the same supplier. The Tribunal affirmed the lower authority's decision, emphasizing the importance of contemporaneous evidence and comparable imports in determining valuation, and directed the Customs Commissioner to address alleged differential treatment in valuation practices. en-us Tue, 10 Apr 2007 00:00:00 +0530 Sat, 28 Jul 2012 13:26:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121331 The case involved a dispute over the valuation of imported Fly Back Transformers, initially declared at US $0.40 per piece but later increased to US $0.65 per piece by Customs Authorities. The appellants contested the enhanced valuation, arguing for acceptance of the declared price based on negotiated prices. However, the lower appellate authority upheld the enhanced valuation, relying on contemporaneous import prices and previous imports from the same supplier. The Tribunal affirmed the lower authority's decision, emphasizing the importance of contemporaneous evidence and comparable imports in determining valuation, and directed the Customs Commissioner to address alleged differential treatment in valuation practices. Case-Laws Customs Tue, 10 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121331