https://www.taxtmi.com/caselaws?id=334320 The Appellate Tribunal, after considering arguments from both parties, held that the 20% valuation enhancement based on a subsequent agreement dated 26.3.1996 for imports made in 1980-81 was unjustified. The Tribunal emphasized that the circumstances at the time of the initial import were not altered by the later agreement, making the enhancement invalid. Consequently, the Tribunal set aside the impugned order and allowed the appeal, highlighting the principle that subsequent agreements cannot retroactively impact past transactions in import valuation. en-us Thu, 19 May 2016 00:00:00 +0530 Wed, 31 Jan 2018 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334320 The Appellate Tribunal, after considering arguments from both parties, held that the 20% valuation enhancement based on a subsequent agreement dated 26.3.1996 for imports made in 1980-81 was unjustified. The Tribunal emphasized that the circumstances at the time of the initial import were not altered by the later agreement, making the enhancement invalid. Consequently, the Tribunal set aside the impugned order and allowed the appeal, highlighting the principle that subsequent agreements cannot retroactively impact past transactions in import valuation. Case-Laws Customs Thu, 19 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334320