https://www.taxtmi.com/caselaws?id=52007 The Tribunal set aside the Commissioner (Appeals) decision, restoring the original transaction value of US $6,17,421 for the imported ship under the Customs Valuation Rules. The Tribunal determined that the discrepancies found post-arrival did not justify a price reduction, as the ship was delivered on an "as is where is" basis, and no valid exceptions or substantiated claims were presented to warrant a lower valuation. The relevant assessment value was deemed to be at the time of import, aligning with the initial agreement, thereby dismissing the importer's argument for a reduced valuation. en-us Thu, 24 Jul 2003 00:00:00 +0530 Mon, 15 Jul 2024 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52007 The Tribunal set aside the Commissioner (Appeals) decision, restoring the original transaction value of US $6,17,421 for the imported ship under the Customs Valuation Rules. The Tribunal determined that the discrepancies found post-arrival did not justify a price reduction, as the ship was delivered on an "as is where is" basis, and no valid exceptions or substantiated claims were presented to warrant a lower valuation. The relevant assessment value was deemed to be at the time of import, aligning with the initial agreement, thereby dismissing the importer's argument for a reduced valuation. Case-Laws Customs Thu, 24 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52007