https://www.taxtmi.com/caselaws?id=206085 The case involved the enhancement of the declared value of imported Polyester Chips Semi Dull Three Gun Brand No.SP-1912. Despite the importer's submissions and evidence, the value was increased to US $1035 per MT. The appellate authority considered contemporaneous imports and ultimately determined the assessable value at US $885 per MT. The Revenue's justification for enhancement based on another bill of entry was deemed insufficient by the tribunal, leading to the rejection of their appeal. This case emphasizes the importance of substantiating declared values and the need for concrete evidence in customs valuation disputes to balance the interests of both the Revenue and importers. en-us Wed, 02 Feb 2011 00:00:00 +0530 Tue, 27 Sep 2011 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206085 The case involved the enhancement of the declared value of imported Polyester Chips Semi Dull Three Gun Brand No.SP-1912. Despite the importer's submissions and evidence, the value was increased to US $1035 per MT. The appellate authority considered contemporaneous imports and ultimately determined the assessable value at US $885 per MT. The Revenue's justification for enhancement based on another bill of entry was deemed insufficient by the tribunal, leading to the rejection of their appeal. This case emphasizes the importance of substantiating declared values and the need for concrete evidence in customs valuation disputes to balance the interests of both the Revenue and importers. Case-Laws Customs Wed, 02 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206085