https://www.taxtmi.com/caselaws?id=336921 The appellate tribunal upheld the valuation of imported melamine tableware and kitchenware based on transaction value, dismissing the Revenue's appeal challenging the Commissioner (Appeals) (Customs) New Delhi's order. The tribunal emphasized the importance of examining circumstances in transactions between related parties to ensure fair pricing. The Respondents supported their declared values with documents, and the Revenue failed to prove their genuineness. Rule 3(3)(b) was deemed inapplicable as the Respondents couldn't demonstrate the fairness of their declared values compared to test values. The tribunal rejected the Revenue's appeal, citing the distributor agreement as a key factor. en-us Thu, 10 Nov 2016 00:00:00 +0530 Thu, 01 Feb 2018 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336921 The appellate tribunal upheld the valuation of imported melamine tableware and kitchenware based on transaction value, dismissing the Revenue's appeal challenging the Commissioner (Appeals) (Customs) New Delhi's order. The tribunal emphasized the importance of examining circumstances in transactions between related parties to ensure fair pricing. The Respondents supported their declared values with documents, and the Revenue failed to prove their genuineness. Rule 3(3)(b) was deemed inapplicable as the Respondents couldn't demonstrate the fairness of their declared values compared to test values. The tribunal rejected the Revenue's appeal, citing the distributor agreement as a key factor. Case-Laws Customs Thu, 10 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336921