https://www.taxtmi.com/caselaws?id=341292 The Tribunal allowed the appeal by Z.F. Steering Gear (I) Ltd., setting aside the previous order and directing acceptance of the declared invoice value for customs duty assessment. Emphasizing adherence to Rule 4 of the Customs Valuation Rules, the Tribunal required valid reasons for rejecting declared values. Transparency and procedural compliance were underscored, leading to a ruling in favor of the appellant due to the absence of justification for deviating from the declared invoice value. en-us Mon, 19 Dec 2016 00:00:00 +0530 Thu, 06 Apr 2017 07:29:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341292 The Tribunal allowed the appeal by Z.F. Steering Gear (I) Ltd., setting aside the previous order and directing acceptance of the declared invoice value for customs duty assessment. Emphasizing adherence to Rule 4 of the Customs Valuation Rules, the Tribunal required valid reasons for rejecting declared values. Transparency and procedural compliance were underscored, leading to a ruling in favor of the appellant due to the absence of justification for deviating from the declared invoice value. Case-Laws Customs Mon, 19 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341292