https://www.taxtmi.com/caselaws?id=269349 The Tribunal set aside the Customs Authorities' decision to enhance the value of imported PVC coated polyester fabric based on subsequent imports and a formula provided by the Commissioner of Customs. The Tribunal emphasized that the declared value in the invoices, reflecting the genuine transaction value as per contracts with foreign suppliers, was valid. It ruled that the Customs Authorities failed to provide sufficient evidence to challenge the declared value, leading to the appeals being allowed in favor of the appellants. en-us Tue, 08 Sep 2015 00:00:00 +0530 Sun, 13 Dec 2015 22:35:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269349 The Tribunal set aside the Customs Authorities' decision to enhance the value of imported PVC coated polyester fabric based on subsequent imports and a formula provided by the Commissioner of Customs. The Tribunal emphasized that the declared value in the invoices, reflecting the genuine transaction value as per contracts with foreign suppliers, was valid. It ruled that the Customs Authorities failed to provide sufficient evidence to challenge the declared value, leading to the appeals being allowed in favor of the appellants. Case-Laws Customs Tue, 08 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269349