https://www.taxtmi.com/caselaws?id=212704 The Appellate Tribunal CESTAT, New Delhi upheld the enhanced assessable value of imported ball bearings at US $1.60 per kg, as per guidelines issued by the Commissioner of Customs. The Tribunal rejected the appeals due to the appellants' failure to provide evidence of correct valuation and weight, leading to the goods being liable for confiscation under the Customs Act, 1962. The decision highlighted the significance of accurate declaration of weight and value in import transactions and affirmed the legal validity of the Commissioner's valuation guidelines. en-us Wed, 06 Jul 2011 00:00:00 +0530 Sat, 21 Apr 2012 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212704 The Appellate Tribunal CESTAT, New Delhi upheld the enhanced assessable value of imported ball bearings at US $1.60 per kg, as per guidelines issued by the Commissioner of Customs. The Tribunal rejected the appeals due to the appellants' failure to provide evidence of correct valuation and weight, leading to the goods being liable for confiscation under the Customs Act, 1962. The decision highlighted the significance of accurate declaration of weight and value in import transactions and affirmed the legal validity of the Commissioner's valuation guidelines. Case-Laws Customs Wed, 06 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212704