https://www.taxtmi.com/caselaws?id=51837 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner's decision that the transaction value from the manufacturer's invoice should be accepted as the assessable value. The case centered on the misdeclaration of imported goods' description, involving a dispute over nylon coated fabric suspected of under-valuation due to PVC coating. The comparison with another importer was deemed inconclusive, and the valuation based on raw material costs was rejected in favor of the manufacturer's invoice. The decision emphasized the significance of accurate description, contemporaneous import comparison, and reliance on transaction value in determining the value of imported goods. en-us Sun, 09 Mar 2003 00:00:00 +0530 Tue, 28 Sep 2010 17:44:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51837 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner's decision that the transaction value from the manufacturer's invoice should be accepted as the assessable value. The case centered on the misdeclaration of imported goods' description, involving a dispute over nylon coated fabric suspected of under-valuation due to PVC coating. The comparison with another importer was deemed inconclusive, and the valuation based on raw material costs was rejected in favor of the manufacturer's invoice. The decision emphasized the significance of accurate description, contemporaneous import comparison, and reliance on transaction value in determining the value of imported goods. Case-Laws Customs Sun, 09 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51837