https://www.taxtmi.com/caselaws?id=125012 The Appellate Tribunal CESTAT, New Delhi allowed the appeals by the appellant challenging the Commissioner's orders enhancing the declared values of imported Hooks and Loops. The Tribunal ruled in favor of the appellant, emphasizing the need to adhere to established principles when rejecting declared values and considering actual import prices for similar goods. It was held that comparing prices of goods of different varieties and from different countries was impermissible, and the enhanced price accepted by the Department could not be considered the transaction value for comparison. Consequently, the Commissioner's orders enhancing the assessable value were not upheld. en-us Wed, 26 Nov 2008 00:00:00 +0530 Sat, 05 Aug 2017 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125012 The Appellate Tribunal CESTAT, New Delhi allowed the appeals by the appellant challenging the Commissioner's orders enhancing the declared values of imported Hooks and Loops. The Tribunal ruled in favor of the appellant, emphasizing the need to adhere to established principles when rejecting declared values and considering actual import prices for similar goods. It was held that comparing prices of goods of different varieties and from different countries was impermissible, and the enhanced price accepted by the Department could not be considered the transaction value for comparison. Consequently, the Commissioner's orders enhancing the assessable value were not upheld. Case-Laws Customs Wed, 26 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125012