https://www.taxtmi.com/caselaws?id=393867 The Appellate Tribunal CESTAT ALLAHABAD upheld the relief granted to the respondent in a dispute over the assessable value of imported goods. The Tribunal rejected the revenue's appeal, emphasizing the necessity for assessing officers to provide valid reasons supported by evidence when deviating from declared transaction values. It highlighted the importance of following statutory provisions and established legal principles in customs valuation disputes, referencing a decision by the Hon'ble Supreme Court. The judgment underscores the significance of adhering to procedural requirements and evidentiary standards to ensure fair and lawful assessments in such cases. en-us Tue, 04 Feb 2020 00:00:00 +0530 Tue, 24 Mar 2020 11:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393867 The Appellate Tribunal CESTAT ALLAHABAD upheld the relief granted to the respondent in a dispute over the assessable value of imported goods. The Tribunal rejected the revenue's appeal, emphasizing the necessity for assessing officers to provide valid reasons supported by evidence when deviating from declared transaction values. It highlighted the importance of following statutory provisions and established legal principles in customs valuation disputes, referencing a decision by the Hon'ble Supreme Court. The judgment underscores the significance of adhering to procedural requirements and evidentiary standards to ensure fair and lawful assessments in such cases. Case-Laws Customs Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393867