https://www.taxtmi.com/caselaws?id=441733 The Tribunal upheld the lower appellate authority's decision, accepting the declared transaction value of imported goods by M/s. Kaveri Silks & Jute Pvt. Ltd. The Tribunal emphasized adherence to the transaction value unless valid reasons existed for rejection, as per the Customs Act and relevant rules. Allegations of mis-declaration and under-valuation were dismissed due to lack of evidence, leading to the rejection of penalties and confiscation. The Revenue's appeals were denied, affirming the importer's position and negating the need for further actions against them. en-us Fri, 14 Jul 2023 00:00:00 +0530 Wed, 16 Aug 2023 08:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441733 The Tribunal upheld the lower appellate authority's decision, accepting the declared transaction value of imported goods by M/s. Kaveri Silks & Jute Pvt. Ltd. The Tribunal emphasized adherence to the transaction value unless valid reasons existed for rejection, as per the Customs Act and relevant rules. Allegations of mis-declaration and under-valuation were dismissed due to lack of evidence, leading to the rejection of penalties and confiscation. The Revenue's appeals were denied, affirming the importer's position and negating the need for further actions against them. Case-Laws Customs Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441733