https://www.taxtmi.com/caselaws?id=206972 CESTAT, Bangalore held that Revenue could not reject the declared transaction value absent evidence of contemporaneous imports of comparable goods at higher prices; without such details the Commissioner's rejection was invalid. Relying on the SC precedent, the tribunal found revision of price, demand for differential duty and interest, confiscation of the imported machine and penalties unsustainable. Decision entered in favor of the importer. en-us Fri, 23 Jul 2010 00:00:00 +0530 Wed, 01 Oct 2025 10:56:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206972 CESTAT, Bangalore held that Revenue could not reject the declared transaction value absent evidence of contemporaneous imports of comparable goods at higher prices; without such details the Commissioner's rejection was invalid. Relying on the SC precedent, the tribunal found revision of price, demand for differential duty and interest, confiscation of the imported machine and penalties unsustainable. Decision entered in favor of the importer. Case-Laws Customs Fri, 23 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206972