https://www.taxtmi.com/caselaws?id=362196 The Tribunal upheld the first appellate authority's decision to set aside the enhancements of the assessable value of imported copper strips, dismissing the Revenue's appeal. The judgment emphasized the need for justified rejection of declared value and sequential application of Customs Valuation Rules, highlighting that the application of rule 7A without considering contemporaneous evidence rendered the enhancement unlawful. The Tribunal criticized the reliance on London Metal Exchange prices without proper justification, noting that consent under duress cannot validate deviation from the law. The appeal was dismissed based on the presented facts and circumstances. en-us Tue, 05 Jun 2018 00:00:00 +0530 Thu, 17 Jan 2019 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362196 The Tribunal upheld the first appellate authority's decision to set aside the enhancements of the assessable value of imported copper strips, dismissing the Revenue's appeal. The judgment emphasized the need for justified rejection of declared value and sequential application of Customs Valuation Rules, highlighting that the application of rule 7A without considering contemporaneous evidence rendered the enhancement unlawful. The Tribunal criticized the reliance on London Metal Exchange prices without proper justification, noting that consent under duress cannot validate deviation from the law. The appeal was dismissed based on the presented facts and circumstances. Case-Laws Customs Tue, 05 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362196