https://www.taxtmi.com/caselaws?id=262323 The Supreme Court upheld the Department's decision to value imported goods based on contemporaneous import prices, rejecting the declared transaction value by the importer. The Court reinstated the Commissioner's order to confiscate the goods, emphasizing the importance of accurate valuation in imports and supporting the Department's actions. The Court found errors in the Tribunal's decision and allowed the appeals, highlighting the significance of consistent valuation methods in such cases. en-us Tue, 28 Apr 2015 00:00:00 +0530 Fri, 07 Aug 2015 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262323 The Supreme Court upheld the Department's decision to value imported goods based on contemporaneous import prices, rejecting the declared transaction value by the importer. The Court reinstated the Commissioner's order to confiscate the goods, emphasizing the importance of accurate valuation in imports and supporting the Department's actions. The Court found errors in the Tribunal's decision and allowed the appeals, highlighting the significance of consistent valuation methods in such cases. Case-Laws Customs Tue, 28 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262323