https://www.taxtmi.com/caselaws?id=364711 The Appellate Tribunal CESTAT ALLAHABAD ruled in favor of the appellant, rejecting the Revenue's rejection of the declared transaction value of imported Aluminium Waste and Scrap based on Circular LR No. 14/2005. The Tribunal emphasized that assessable value should be determined based on the actual price paid, especially if other factors are involved, and circulars should not be the sole basis for enhancing assessable value without proper evidence. The Tribunal set aside the impugned orders and allowed all appeals with consequential relief, reaffirming the principle of determining assessable value based on actual transaction values. en-us Fri, 06 Jul 2018 00:00:00 +0530 Fri, 03 Aug 2018 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364711 The Appellate Tribunal CESTAT ALLAHABAD ruled in favor of the appellant, rejecting the Revenue's rejection of the declared transaction value of imported Aluminium Waste and Scrap based on Circular LR No. 14/2005. The Tribunal emphasized that assessable value should be determined based on the actual price paid, especially if other factors are involved, and circulars should not be the sole basis for enhancing assessable value without proper evidence. The Tribunal set aside the impugned orders and allowed all appeals with consequential relief, reaffirming the principle of determining assessable value based on actual transaction values. Case-Laws Customs Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364711