https://www.taxtmi.com/caselaws?id=51779 The Tribunal set aside the Commissioner's order in a case involving disputed FOB value of exported goods, over-invoicing allegations, and confiscation of goods with fines and penalties imposed. The appellants successfully argued against the Revenue's evidence, emphasizing the quality and intended use of the goods. The Tribunal found the evidence insufficient and criticized the valuation method based on raw material cost. Emphasizing the arm's length transaction and previous Tribunal order acceptance, the Tribunal allowed the appeals, providing relief to the appellants due to lack of justification for lowering the FOB value or imposing penalties. en-us Fri, 01 Nov 2002 00:00:00 +0530 Tue, 28 Sep 2010 11:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51779 The Tribunal set aside the Commissioner's order in a case involving disputed FOB value of exported goods, over-invoicing allegations, and confiscation of goods with fines and penalties imposed. The appellants successfully argued against the Revenue's evidence, emphasizing the quality and intended use of the goods. The Tribunal found the evidence insufficient and criticized the valuation method based on raw material cost. Emphasizing the arm's length transaction and previous Tribunal order acceptance, the Tribunal allowed the appeals, providing relief to the appellants due to lack of justification for lowering the FOB value or imposing penalties. Case-Laws Customs Fri, 01 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51779