https://www.taxtmi.com/caselaws?id=166678 The Appellate Tribunal CEGAT NEW DELHI ruled in favor of the appellants in a case involving the assessable value of tungsten ore imported under two contracts with the same buyer and seller but at different prices. The Tribunal found that the Department's decision to assess the first quantity at a higher price was unjustified, considering the market conditions, the split pricing strategy adopted by the appellants, and the lack of evidence from the Department regarding pricing practices of other importers or doubts about the transaction's authenticity. The Tribunal emphasized the importance of market dynamics and international trade practices in determining assessable values under the Customs Act. en-us Mon, 19 Sep 1983 00:00:00 +0530 Thu, 30 Oct 2014 15:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166678 The Appellate Tribunal CEGAT NEW DELHI ruled in favor of the appellants in a case involving the assessable value of tungsten ore imported under two contracts with the same buyer and seller but at different prices. The Tribunal found that the Department's decision to assess the first quantity at a higher price was unjustified, considering the market conditions, the split pricing strategy adopted by the appellants, and the lack of evidence from the Department regarding pricing practices of other importers or doubts about the transaction's authenticity. The Tribunal emphasized the importance of market dynamics and international trade practices in determining assessable values under the Customs Act. Case-Laws Customs Mon, 19 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166678