https://www.taxtmi.com/caselaws?id=51997 The appellant, a cement manufacturer, successfully appealed against the enhancement of the value of imported furnace oil for customs duty assessment. The lower authority had increased the value based on comparisons with other imports, which was found to be contrary to the law mandating transaction value as the assessable value. The Tribunal ruled in favor of the appellant, emphasizing that the transaction value should be specific to the goods under assessment and not based on other transactions. The pricing formula agreed upon by the parties was deemed valid, leading to the setting aside of the impugned order and the refund of amounts deposited by the appellants. en-us Thu, 17 Jul 2003 00:00:00 +0530 Wed, 29 Sep 2010 16:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51997 The appellant, a cement manufacturer, successfully appealed against the enhancement of the value of imported furnace oil for customs duty assessment. The lower authority had increased the value based on comparisons with other imports, which was found to be contrary to the law mandating transaction value as the assessable value. The Tribunal ruled in favor of the appellant, emphasizing that the transaction value should be specific to the goods under assessment and not based on other transactions. The pricing formula agreed upon by the parties was deemed valid, leading to the setting aside of the impugned order and the refund of amounts deposited by the appellants. Case-Laws Customs Thu, 17 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51997