https://www.taxtmi.com/caselaws?id=51899 The Appellate Tribunal CESTAT, Mumbai upheld the acceptance of reduced prices for ships imported for breaking up, based on discrepancies between contracted and actual goods. The Tribunal emphasized accurate valuation under Rule 4 of the Customs Valuation Rules, 1988, rejecting the customs department's appeal to consider original prices, and underscoring the importance of transaction value reflecting the actual imported goods. en-us Wed, 18 Jun 2003 00:00:00 +0530 Wed, 17 Jul 2024 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51899 The Appellate Tribunal CESTAT, Mumbai upheld the acceptance of reduced prices for ships imported for breaking up, based on discrepancies between contracted and actual goods. The Tribunal emphasized accurate valuation under Rule 4 of the Customs Valuation Rules, 1988, rejecting the customs department's appeal to consider original prices, and underscoring the importance of transaction value reflecting the actual imported goods. Case-Laws Customs Wed, 18 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51899