https://www.taxtmi.com/caselaws?id=260036 The appellate tribunal upheld the rejection of the transaction value under Rule 10A of the Customs Valuation Rules 1988. The appellant's argument that the contract was executed earlier was countered by the Revenue's justification of prevailing international prices. The tribunal noted a significant price difference in imported goods compared to contemporaneous imports, leading to doubts about the accuracy of the declared value. Relying on legal provisions and precedents emphasizing contemporaneous evidence, the tribunal found the rejection justified and dismissed the appeals, affirming the lower authorities' orders. en-us Wed, 13 May 2015 00:00:00 +0530 Sat, 13 Feb 2016 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260036 The appellate tribunal upheld the rejection of the transaction value under Rule 10A of the Customs Valuation Rules 1988. The appellant's argument that the contract was executed earlier was countered by the Revenue's justification of prevailing international prices. The tribunal noted a significant price difference in imported goods compared to contemporaneous imports, leading to doubts about the accuracy of the declared value. Relying on legal provisions and precedents emphasizing contemporaneous evidence, the tribunal found the rejection justified and dismissed the appeals, affirming the lower authorities' orders. Case-Laws Customs Wed, 13 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260036