https://www.taxtmi.com/caselaws?id=44166 SC held that the Department erred in enhancing the declared transaction value of US $1.80 CIF per piece to US $2.20 CIF per piece for the imported goods. The Court noted that the price of US $1.80 was arrived at after bona fide commercial negotiations, considering the importer's status as an old and valued customer, and supported by comparable imports at the same price. The reliance on an isolated transaction of another importer for upward revision of value was unjustified. The appeal was allowed, the orders of the Additional Collector and Tribunal were set aside, and the show cause notice was discharged. en-us Wed, 18 Jan 1995 00:00:00 +0530 Mon, 15 Dec 2025 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44166 SC held that the Department erred in enhancing the declared transaction value of US $1.80 CIF per piece to US $2.20 CIF per piece for the imported goods. The Court noted that the price of US $1.80 was arrived at after bona fide commercial negotiations, considering the importer's status as an old and valued customer, and supported by comparable imports at the same price. The reliance on an isolated transaction of another importer for upward revision of value was unjustified. The appeal was allowed, the orders of the Additional Collector and Tribunal were set aside, and the show cause notice was discharged. Case-Laws Customs Wed, 18 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44166