https://www.taxtmi.com/caselaws?id=283545 The Appellate Tribunal CESTAT ALLAHABAD allowed the appellant's appeal in a dispute over the assessable value of imported CR sheets in Coil Form (Non Alloy) Stock Lot. The Revenue had enhanced the valuation based on LME prices without proper evidence, rejecting the transaction value declared by the importer. The Tribunal held that the Revenue must first reject the transaction value before re-determining based on other evidence. As the Revenue failed to do so, the Tribunal set aside the enhanced valuation, ruling in favor of the appellant. en-us Thu, 11 Apr 2019 00:00:00 +0530 Fri, 27 Sep 2019 16:57:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283545 The Appellate Tribunal CESTAT ALLAHABAD allowed the appellant's appeal in a dispute over the assessable value of imported CR sheets in Coil Form (Non Alloy) Stock Lot. The Revenue had enhanced the valuation based on LME prices without proper evidence, rejecting the transaction value declared by the importer. The Tribunal held that the Revenue must first reject the transaction value before re-determining based on other evidence. As the Revenue failed to do so, the Tribunal set aside the enhanced valuation, ruling in favor of the appellant. Case-Laws Customs Thu, 11 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283545