https://www.taxtmi.com/caselaws?id=356499 The Tribunal held that challenging the enhanced assessable value after clearing goods by paying duty is permissible, contrary to the Commissioner (Appeals) decision. It emphasized that payment under urgency does not waive the right to challenge. The Tribunal also ruled in favor of accepting the declared transaction value unless proven incorrect with tangible evidence, criticizing the Revenue for failing to provide such evidence. Additionally, the Tribunal stressed that enhancing the value should be based on solid grounds, not mere suspicion, and upheld penalties for misdeclaration impacting duty rates and values, leading to a referral to the Hon'ble President for resolution. en-us Mon, 22 Jan 2018 00:00:00 +0530 Tue, 06 Mar 2018 13:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356499 The Tribunal held that challenging the enhanced assessable value after clearing goods by paying duty is permissible, contrary to the Commissioner (Appeals) decision. It emphasized that payment under urgency does not waive the right to challenge. The Tribunal also ruled in favor of accepting the declared transaction value unless proven incorrect with tangible evidence, criticizing the Revenue for failing to provide such evidence. Additionally, the Tribunal stressed that enhancing the value should be based on solid grounds, not mere suspicion, and upheld penalties for misdeclaration impacting duty rates and values, leading to a referral to the Hon'ble President for resolution. Case-Laws Customs Mon, 22 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356499