https://www.taxtmi.com/caselaws?id=271303 The court ruled in favor of the appellants, finding that reliance on insurance documents and foreign export declarations for determining transaction value was incorrect. The court held that such documents were inadmissible as evidence due to lack of proper certification and verification. Additionally, the use of trade bulletins and reports for valuation was deemed erroneous. Consequently, the penalties imposed on the appellants under the Customs Act were set aside, and all appeals were allowed, providing relief to the appellants. en-us Wed, 28 Oct 2015 00:00:00 +0530 Tue, 02 Feb 2016 10:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271303 The court ruled in favor of the appellants, finding that reliance on insurance documents and foreign export declarations for determining transaction value was incorrect. The court held that such documents were inadmissible as evidence due to lack of proper certification and verification. Additionally, the use of trade bulletins and reports for valuation was deemed erroneous. Consequently, the penalties imposed on the appellants under the Customs Act were set aside, and all appeals were allowed, providing relief to the appellants. Case-Laws Customs Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271303