https://www.taxtmi.com/caselaws?id=207965 The Appellate Tribunal CESTAT, New Delhi upheld the decision of the Commissioner (Appeals) in a case concerning the valuation of imported acrylic sheets classified as defective, old, and substandard goods. The Tribunal found that the revenue failed to provide evidence disputing the authenticity of the declared transaction value, emphasizing the importance of genuine invoice values in customs duty assessments. As a result, the Tribunal rejected the revenue's appeals, highlighting the burden of proof on the revenue to effectively challenge declared transaction values in customs valuation cases. en-us Tue, 10 May 2011 00:00:00 +0530 Sat, 31 Dec 2011 23:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207965 The Appellate Tribunal CESTAT, New Delhi upheld the decision of the Commissioner (Appeals) in a case concerning the valuation of imported acrylic sheets classified as defective, old, and substandard goods. The Tribunal found that the revenue failed to provide evidence disputing the authenticity of the declared transaction value, emphasizing the importance of genuine invoice values in customs duty assessments. As a result, the Tribunal rejected the revenue's appeals, highlighting the burden of proof on the revenue to effectively challenge declared transaction values in customs valuation cases. Case-Laws Customs Tue, 10 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207965