https://www.taxtmi.com/caselaws?id=126269 The tribunal held that once the transaction value is rejected by customs, they cannot reopen the assessment. Citing relevant case law, the tribunal emphasized the need for evidence of contemporaneous imports to support under-invoicing charges. They found that the revenue had completed all processes by adopting the contemporaneous value, ruling in favor of the appellants and ordering a waiver of pre-deposit and a stay on coercive actions by revenue. The decision ensures thorough examination of legal contentions during the final hearing, with the stay order remaining in place beyond 180 days. en-us Wed, 18 Mar 2009 00:00:00 +0530 Mon, 05 Nov 2012 10:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126269 The tribunal held that once the transaction value is rejected by customs, they cannot reopen the assessment. Citing relevant case law, the tribunal emphasized the need for evidence of contemporaneous imports to support under-invoicing charges. They found that the revenue had completed all processes by adopting the contemporaneous value, ruling in favor of the appellants and ordering a waiver of pre-deposit and a stay on coercive actions by revenue. The decision ensures thorough examination of legal contentions during the final hearing, with the stay order remaining in place beyond 180 days. Case-Laws Customs Wed, 18 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126269