https://www.taxtmi.com/caselaws?id=439626 The Tribunal allowed the appeal, setting aside the impugned order and directing the appeal to be allowed. The decision emphasized that the assessable value should not be solely based on Light Displacement Tonnage (LDT) when the contract price is a lump sum not in proportion to LDT. Without evidence of extra consideration paid, the transaction value declared by the importer must be accepted, as LDT is irrelevant for duty assessment in such cases. en-us Wed, 28 Jun 2023 00:00:00 +0530 Thu, 29 Jun 2023 09:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439626 The Tribunal allowed the appeal, setting aside the impugned order and directing the appeal to be allowed. The decision emphasized that the assessable value should not be solely based on Light Displacement Tonnage (LDT) when the contract price is a lump sum not in proportion to LDT. Without evidence of extra consideration paid, the transaction value declared by the importer must be accepted, as LDT is irrelevant for duty assessment in such cases. Case-Laws Customs Wed, 28 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439626