https://www.taxtmi.com/caselaws?id=124097 The Tribunal upheld the decision of the appellate authority regarding the valuation of acetone imported by the respondent. The Tribunal found that the revenue failed to provide evidence disputing the transaction value, highlighting the downward trend in acetone prices and lack of money flow back indications. Emphasizing the importance of substantial evidence in such cases, the Tribunal rejected the revenue's appeal, concluding it lacked merit. This case underscores the necessity of supporting valuation claims in customs and excise matters with concrete evidence for a fair assessment of import values. en-us Thu, 27 Mar 2008 00:00:00 +0530 Tue, 25 Sep 2012 15:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124097 The Tribunal upheld the decision of the appellate authority regarding the valuation of acetone imported by the respondent. The Tribunal found that the revenue failed to provide evidence disputing the transaction value, highlighting the downward trend in acetone prices and lack of money flow back indications. Emphasizing the importance of substantial evidence in such cases, the Tribunal rejected the revenue's appeal, concluding it lacked merit. This case underscores the necessity of supporting valuation claims in customs and excise matters with concrete evidence for a fair assessment of import values. Case-Laws Customs Thu, 27 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124097