https://www.taxtmi.com/caselaws?id=240859 The Appellate Tribunal CESTAT NEW DELHI ruled in favor of the appellant in a case concerning the valuation of imported electric motors. The Tribunal found that the reliance on NIDB data and the opinion of the Chartered Engineer by the Revenue lacked contemporaneous evidence and did not sufficiently justify enhancing the assessable value. The Tribunal emphasized the need for proper valuation methods and the absence of evidence to discard the transaction value. As a result, the Tribunal allowed the stay petitions unconditionally, supporting the appellant's position at the prima facie stage. en-us Wed, 16 May 2012 00:00:00 +0530 Fri, 13 Dec 2013 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240859 The Appellate Tribunal CESTAT NEW DELHI ruled in favor of the appellant in a case concerning the valuation of imported electric motors. The Tribunal found that the reliance on NIDB data and the opinion of the Chartered Engineer by the Revenue lacked contemporaneous evidence and did not sufficiently justify enhancing the assessable value. The Tribunal emphasized the need for proper valuation methods and the absence of evidence to discard the transaction value. As a result, the Tribunal allowed the stay petitions unconditionally, supporting the appellant's position at the prima facie stage. Case-Laws Customs Wed, 16 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240859