https://www.taxtmi.com/caselaws?id=334317 The Tribunal rejected the Revenue's appeals challenging the rejection of the proposal to enhance assessable value and recover differential duty, disallowance of concessional duty rate under the Export Promotion Capital Goods Scheme, misdeclaration of value warranting reclassification, and imposition of penalty under the Customs Act, 1962. The Tribunal found no evidence of influence on pricing by the corporate headquarters, upheld the fairness of valuation based on invoices, dismissed reclassification based on insurance value alone, and emphasized adherence to valuation rules in rejecting the appeal against penalty imposition. en-us Tue, 29 Mar 2016 00:00:00 +0530 Thu, 10 Nov 2016 11:53:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334317 The Tribunal rejected the Revenue's appeals challenging the rejection of the proposal to enhance assessable value and recover differential duty, disallowance of concessional duty rate under the Export Promotion Capital Goods Scheme, misdeclaration of value warranting reclassification, and imposition of penalty under the Customs Act, 1962. The Tribunal found no evidence of influence on pricing by the corporate headquarters, upheld the fairness of valuation based on invoices, dismissed reclassification based on insurance value alone, and emphasized adherence to valuation rules in rejecting the appeal against penalty imposition. Case-Laws Customs Tue, 29 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334317