https://www.taxtmi.com/caselaws?id=51006 The Tribunal allowed the appeal, setting aside the impugned order and granting consequential relief to the appellants. The Commissioner's rejection of the declared value was remanded for de novo consideration due to failure in addressing submissions and lack of evidence on contemporaneous imports. The Tribunal emphasized the necessity of strong evidence to discard transaction value and overturned penalties imposed for mis-declaration and duty evasion, as the Revenue failed to prove undervaluation conclusively. en-us Tue, 21 Aug 2001 00:00:00 +0530 Tue, 21 Sep 2010 13:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51006 The Tribunal allowed the appeal, setting aside the impugned order and granting consequential relief to the appellants. The Commissioner's rejection of the declared value was remanded for de novo consideration due to failure in addressing submissions and lack of evidence on contemporaneous imports. The Tribunal emphasized the necessity of strong evidence to discard transaction value and overturned penalties imposed for mis-declaration and duty evasion, as the Revenue failed to prove undervaluation conclusively. Case-Laws Customs Tue, 21 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51006