https://www.taxtmi.com/caselaws?id=359141 The Tribunal upheld the decision accepting the declared value of imported carbide tips, emphasizing the need for contemporaneous import price evidence to justify any enhancement in value. The genuineness of the invoices was confirmed, and the appeal by the Department was dismissed due to the lack of evidence supporting an increase in value solely based on weight. The Tribunal stressed the importance of upholding genuine transactions and specific evidence to support valuation adjustments, ultimately sustaining the original order based on the invoices' specifications. en-us Fri, 23 Mar 2018 00:00:00 +0530 Fri, 06 Mar 2020 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359141 The Tribunal upheld the decision accepting the declared value of imported carbide tips, emphasizing the need for contemporaneous import price evidence to justify any enhancement in value. The genuineness of the invoices was confirmed, and the appeal by the Department was dismissed due to the lack of evidence supporting an increase in value solely based on weight. The Tribunal stressed the importance of upholding genuine transactions and specific evidence to support valuation adjustments, ultimately sustaining the original order based on the invoices' specifications. Case-Laws Customs Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359141