https://www.taxtmi.com/caselaws?id=167472 The Tribunal ruled in favor of the appellants on both issues. Firstly, the Tribunal found that the import license held by the appellants was valid for the goods imported, as it was revalidated before the new Import Policy came into effect. Secondly, the Tribunal determined that the Customs failed to prove under-valuation of the imported goods, as the evidence presented was not contemporaneous and insufficient. Consequently, the Collector's decision to revise the assessable value was deemed unsustainable, leading to the acceptance of the appeal by the Tribunal. en-us Wed, 12 Dec 1984 00:00:00 +0530 Sat, 20 Dec 2014 18:39:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167472 The Tribunal ruled in favor of the appellants on both issues. Firstly, the Tribunal found that the import license held by the appellants was valid for the goods imported, as it was revalidated before the new Import Policy came into effect. Secondly, the Tribunal determined that the Customs failed to prove under-valuation of the imported goods, as the evidence presented was not contemporaneous and insufficient. Consequently, the Collector's decision to revise the assessable value was deemed unsustainable, leading to the acceptance of the appeal by the Tribunal. Case-Laws Customs Wed, 12 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167472