https://www.taxtmi.com/caselaws?id=348454 The Tribunal set aside the decision to enhance the declared value of imported goods based solely on Directorate of Valuation data, emphasizing that transaction value should be accepted unless proven incorrect with evidence. Relying on legal precedents, the Tribunal held that the Revenue must first reject the transaction value with evidence before resorting to alternative valuation methods. As the Revenue failed to provide evidence to dispute the agreed transaction value, the Tribunal deemed the enhancement unjustified and allowed the appeal, providing relief to the appellant. en-us Fri, 15 Sep 2017 00:00:00 +0530 Fri, 17 Nov 2017 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348454 The Tribunal set aside the decision to enhance the declared value of imported goods based solely on Directorate of Valuation data, emphasizing that transaction value should be accepted unless proven incorrect with evidence. Relying on legal precedents, the Tribunal held that the Revenue must first reject the transaction value with evidence before resorting to alternative valuation methods. As the Revenue failed to provide evidence to dispute the agreed transaction value, the Tribunal deemed the enhancement unjustified and allowed the appeal, providing relief to the appellant. Case-Laws Customs Fri, 15 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348454