https://www.taxtmi.com/caselaws?id=124725 The Tribunal dismissed the appeals in a case involving a dispute over the declared value of imported rejected stock lot of Polyester Knitted Fabric. The Commissioner (Appeals) set aside the enhanced value imposed by the Revenue due to lack of evidence for rejection. The Revenue argued that the importer was estopped from challenging the enhanced value accepted during assessment, citing NIDB data and a Tribunal decision. However, the Tribunal emphasized that there is no estoppel in taxation matters against challenging an assessment order, especially when the imported goods differ from those in the data provided by the Revenue. en-us Mon, 30 Jun 2008 00:00:00 +0530 Tue, 05 Sep 2017 09:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124725 The Tribunal dismissed the appeals in a case involving a dispute over the declared value of imported rejected stock lot of Polyester Knitted Fabric. The Commissioner (Appeals) set aside the enhanced value imposed by the Revenue due to lack of evidence for rejection. The Revenue argued that the importer was estopped from challenging the enhanced value accepted during assessment, citing NIDB data and a Tribunal decision. However, the Tribunal emphasized that there is no estoppel in taxation matters against challenging an assessment order, especially when the imported goods differ from those in the data provided by the Revenue. Case-Laws Customs Mon, 30 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124725