https://www.taxtmi.com/caselaws?id=170191 The Tribunal rejected the Revenue's appeals concerning the assessment of goods based on transaction value. The Tribunal found that the Revenue failed to provide sufficient evidence for rejecting the transaction value and supporting the increased value. It was emphasized that the value of substandard goods is subject to market forces, leading to substantial variations. The Tribunal also disagreed with the Revenue's assertion that transaction value should be routinely rejected for substandard items, highlighting the influence of market forces on the value of such goods and the lack of supporting evidence from the Revenue. en-us Tue, 15 May 2012 00:00:00 +0530 Tue, 19 May 2015 15:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170191 The Tribunal rejected the Revenue's appeals concerning the assessment of goods based on transaction value. The Tribunal found that the Revenue failed to provide sufficient evidence for rejecting the transaction value and supporting the increased value. It was emphasized that the value of substandard goods is subject to market forces, leading to substantial variations. The Tribunal also disagreed with the Revenue's assertion that transaction value should be routinely rejected for substandard items, highlighting the influence of market forces on the value of such goods and the lack of supporting evidence from the Revenue. Case-Laws Customs Tue, 15 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170191