https://www.taxtmi.com/caselaws?id=384244 The Tribunal dismissed Revenue's appeal against the rejection of the declared value of Polyester Knitted Fabrics imported by the respondent, which was revised without specific evidence of contemporaneous imports. Citing legal precedents, the lack of concrete evidence supporting the revised value led to the decision being set aside by the Commissioner (Appeals). The absence of details on contemporaneous imports in the order-in-original undermined the validity of the valuation enhancement. The Tribunal upheld the decision, emphasizing the necessity of substantiating valuation decisions with concrete evidence as per established legal principles. en-us Thu, 08 Aug 2019 00:00:00 +0530 Fri, 09 Aug 2019 07:17:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384244 The Tribunal dismissed Revenue's appeal against the rejection of the declared value of Polyester Knitted Fabrics imported by the respondent, which was revised without specific evidence of contemporaneous imports. Citing legal precedents, the lack of concrete evidence supporting the revised value led to the decision being set aside by the Commissioner (Appeals). The absence of details on contemporaneous imports in the order-in-original undermined the validity of the valuation enhancement. The Tribunal upheld the decision, emphasizing the necessity of substantiating valuation decisions with concrete evidence as per established legal principles. Case-Laws Customs Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384244