https://www.taxtmi.com/caselaws?id=124981 The Tribunal upheld the decision to accept the transaction value as the correct assessable value for the imported Acetone and Styrene Monomer, dismissing the Revenue's appeal. The Tribunal emphasized the importance of relying on the transaction value unless there are valid reasons to question its accuracy, highlighting that a higher-priced import by another party does not justify rejecting the transaction value. The Revenue failed to provide evidence to dispute the transaction value, leading to the Tribunal affirming the Commissioner (Appeals)'s decision and rejecting the Revenue's appeal. en-us Tue, 30 Sep 2008 00:00:00 +0530 Wed, 17 Oct 2012 17:28:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124981 The Tribunal upheld the decision to accept the transaction value as the correct assessable value for the imported Acetone and Styrene Monomer, dismissing the Revenue's appeal. The Tribunal emphasized the importance of relying on the transaction value unless there are valid reasons to question its accuracy, highlighting that a higher-priced import by another party does not justify rejecting the transaction value. The Revenue failed to provide evidence to dispute the transaction value, leading to the Tribunal affirming the Commissioner (Appeals)'s decision and rejecting the Revenue's appeal. Case-Laws Customs Tue, 30 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124981