https://www.taxtmi.com/caselaws?id=246076 The Appellate Tribunal CESTAT MUMBAI upheld the Revenue's appeal, setting aside the lower appellate authority's decision to reject the transaction value under Rule 10A of the CVR 1988 based on the manufacturer's price-list. The Tribunal found that the importer failed to produce the manufacturer's price-list and did not adequately explain the significant price difference, justifying the enhancement of value. Despite the respondent's absence during hearings, the Tribunal emphasized the importance of complying with Rule 10A and providing necessary documentation to support declared values. en-us Thu, 30 Jan 2014 00:00:00 +0530 Fri, 21 Nov 2014 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246076 The Appellate Tribunal CESTAT MUMBAI upheld the Revenue's appeal, setting aside the lower appellate authority's decision to reject the transaction value under Rule 10A of the CVR 1988 based on the manufacturer's price-list. The Tribunal found that the importer failed to produce the manufacturer's price-list and did not adequately explain the significant price difference, justifying the enhancement of value. Despite the respondent's absence during hearings, the Tribunal emphasized the importance of complying with Rule 10A and providing necessary documentation to support declared values. Case-Laws Customs Thu, 30 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246076