https://www.taxtmi.com/caselaws?id=426095 The Tribunal set aside the assessment based on the original MOA price for customs valuation of a vessel, emphasizing the importance of scrutinizing the genuineness of price reduction. It remitted the matter back to the Commissioner (Appeals) for fresh consideration on the authenticity of the addendum and reasons for the price adjustment to determine the correct transaction value under Section 14 of the Customs Act, 1962. The Tribunal highlighted the necessity of evaluating actual payment and the genuineness of addendums in such cases, directing a thorough reevaluation while keeping all issues open for consideration. en-us Fri, 05 Aug 2022 00:00:00 +0530 Mon, 08 Aug 2022 09:09:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426095 The Tribunal set aside the assessment based on the original MOA price for customs valuation of a vessel, emphasizing the importance of scrutinizing the genuineness of price reduction. It remitted the matter back to the Commissioner (Appeals) for fresh consideration on the authenticity of the addendum and reasons for the price adjustment to determine the correct transaction value under Section 14 of the Customs Act, 1962. The Tribunal highlighted the necessity of evaluating actual payment and the genuineness of addendums in such cases, directing a thorough reevaluation while keeping all issues open for consideration. Case-Laws Customs Fri, 05 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426095