https://www.taxtmi.com/caselaws?id=367549 The Tribunal set aside the impugned orders and allowed the appeals in a case concerning undervaluation of imported goods. The appellant declared a value for the goods, but discrepancies were found during examination. The Revenue sought to enhance the value based on an Alert Circular, but the Tribunal emphasized the importance of sufficient evidence to reject the declared transaction value. The Tribunal ruled that the transaction value should be accepted unless proven incorrect with independent evidence, invalidating the use of Alert Circulars for value enhancement without substantial proof to challenge the declared value. en-us Mon, 16 Jul 2018 00:00:00 +0530 Fri, 06 Mar 2020 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367549 The Tribunal set aside the impugned orders and allowed the appeals in a case concerning undervaluation of imported goods. The appellant declared a value for the goods, but discrepancies were found during examination. The Revenue sought to enhance the value based on an Alert Circular, but the Tribunal emphasized the importance of sufficient evidence to reject the declared transaction value. The Tribunal ruled that the transaction value should be accepted unless proven incorrect with independent evidence, invalidating the use of Alert Circulars for value enhancement without substantial proof to challenge the declared value. Case-Laws Customs Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367549