https://www.taxtmi.com/caselaws?id=388251 The appeal challenged the enhancement of value for imported hot rolled steel plates from US $400 to US $892 per MT. The Tribunal upheld the enhanced value citing invoices, import prices of similar goods, and legal precedents, but criticized the lack of findings on the applicability of cited decisions. Emphasizing the importance of market trends and circumstances, the Tribunal faulted the assessing officer for not considering declining steel prices and contract flexibility. The impugned order was set aside, stressing the necessity of thorough investigations and evidence-based assessments in determining the value of imported goods. en-us Fri, 13 Sep 2019 00:00:00 +0530 Sat, 07 Nov 2020 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388251 The appeal challenged the enhancement of value for imported hot rolled steel plates from US $400 to US $892 per MT. The Tribunal upheld the enhanced value citing invoices, import prices of similar goods, and legal precedents, but criticized the lack of findings on the applicability of cited decisions. Emphasizing the importance of market trends and circumstances, the Tribunal faulted the assessing officer for not considering declining steel prices and contract flexibility. The impugned order was set aside, stressing the necessity of thorough investigations and evidence-based assessments in determining the value of imported goods. Case-Laws Customs Fri, 13 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388251