https://www.taxtmi.com/caselaws?id=202864 The Appellate Tribunal upheld the transaction value of EURO 8.65 per piece declared by the assessees for the clearance of gas meters. The Tribunal found that the Department failed to provide adequate grounds to dispute the lower appellate authority's decision, leading to the rejection of the Revenue's appeal challenging the acceptance of the declared value. The consideration of contemporaneous unit price and evidence of transparent negotiations between the assessees and the supplier played a crucial role in the Tribunal's decision, emphasizing the importance of accurately valuing imported goods. en-us Wed, 18 Aug 2010 00:00:00 +0530 Thu, 17 Feb 2011 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202864 The Appellate Tribunal upheld the transaction value of EURO 8.65 per piece declared by the assessees for the clearance of gas meters. The Tribunal found that the Department failed to provide adequate grounds to dispute the lower appellate authority's decision, leading to the rejection of the Revenue's appeal challenging the acceptance of the declared value. The consideration of contemporaneous unit price and evidence of transparent negotiations between the assessees and the supplier played a crucial role in the Tribunal's decision, emphasizing the importance of accurately valuing imported goods. Case-Laws Customs Wed, 18 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202864