https://www.taxtmi.com/caselaws?id=31629 The Supreme Court upheld the Tribunal's decision in an appeal under Section 130E(b) of the Customs Act. The Court emphasized accepting the transaction value unless proven otherwise by contemporaneous evidence, highlighting the lack of proof of fabricated invoices or a relationship between the importer and exporter. The appeal regarding overinvoicing of imported rough diamonds was dismissed, affirming the Tribunal's findings, and directing parties to bear their own costs. en-us Thu, 18 Sep 2008 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31629 The Supreme Court upheld the Tribunal's decision in an appeal under Section 130E(b) of the Customs Act. The Court emphasized accepting the transaction value unless proven otherwise by contemporaneous evidence, highlighting the lack of proof of fabricated invoices or a relationship between the importer and exporter. The appeal regarding overinvoicing of imported rough diamonds was dismissed, affirming the Tribunal's findings, and directing parties to bear their own costs. Case-Laws Customs Thu, 18 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31629