https://www.taxtmi.com/caselaws?id=212262 The Tribunal upheld the Commissioner (Appeals) decision regarding the valuation of goods declared as marble carving and statues. The dispute centered on the percentage of loading on the declared value, with the Revenue challenging the modification that restricted the loading to 50%. The Commissioner (Appeals) justified the decision based on various factors, including raw material price and additional costs, concluding that the value of the marbles should be at least twice the raw material price. The Tribunal found no contradiction in the decision and dismissed the Revenue's appeal, affirming the loading restriction at 50%. en-us Wed, 11 May 2011 00:00:00 +0530 Tue, 31 Dec 2013 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212262 The Tribunal upheld the Commissioner (Appeals) decision regarding the valuation of goods declared as marble carving and statues. The dispute centered on the percentage of loading on the declared value, with the Revenue challenging the modification that restricted the loading to 50%. The Commissioner (Appeals) justified the decision based on various factors, including raw material price and additional costs, concluding that the value of the marbles should be at least twice the raw material price. The Tribunal found no contradiction in the decision and dismissed the Revenue's appeal, affirming the loading restriction at 50%. Case-Laws Customs Wed, 11 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212262