https://www.taxtmi.com/caselaws?id=357311 The Appellate Tribunal CESTAT, Bangalore set aside the re-assessment of import value of Stearic Acid Pace from Malaysia at USD 500 per MT, which was based on comparison with a consignment to another buyer in Cochin. The Tribunal emphasized that the value of imported goods should be determined based on transaction value unless specific circumstances warrant otherwise. It found the rejection of transaction value unjustified due to differences in quantity and quality between the two consignments, ultimately allowing the appeal in favor of the appellant. en-us Fri, 09 Feb 2018 00:00:00 +0530 Wed, 21 Mar 2018 08:33:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357311 The Appellate Tribunal CESTAT, Bangalore set aside the re-assessment of import value of Stearic Acid Pace from Malaysia at USD 500 per MT, which was based on comparison with a consignment to another buyer in Cochin. The Tribunal emphasized that the value of imported goods should be determined based on transaction value unless specific circumstances warrant otherwise. It found the rejection of transaction value unjustified due to differences in quantity and quality between the two consignments, ultimately allowing the appeal in favor of the appellant. Case-Laws Customs Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357311