https://www.taxtmi.com/caselaws?id=306025 The appellate tribunal upheld the adjudicating authority's decision, dismissing the revenue's appeal regarding the rejection of the declared value of imported urea. The tribunal found that the revenue failed to prove under-valuation and upheld the declared value as the true transaction value. It was also noted that the revenue did not follow the proper valuation rules procedures and lacked justification for invoking the extended period for demand. Consequently, the appeal was dismissed for lack of merit. en-us Mon, 09 Dec 2019 00:00:00 +0530 Fri, 06 Jan 2023 09:31:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306025 The appellate tribunal upheld the adjudicating authority's decision, dismissing the revenue's appeal regarding the rejection of the declared value of imported urea. The tribunal found that the revenue failed to prove under-valuation and upheld the declared value as the true transaction value. It was also noted that the revenue did not follow the proper valuation rules procedures and lacked justification for invoking the extended period for demand. Consequently, the appeal was dismissed for lack of merit. Case-Laws Customs Mon, 09 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306025