https://www.taxtmi.com/caselaws?id=53784 The Tribunal upheld the decision of the Commissioner (Appeals) to accept the transaction value declared by the respondents for imported goods, "Secondary/Defective CRGO electrical steel strip cuttings in irregular shapes and sizes," over the rejected EDI data used by the Revenue for assessment. The Tribunal found that the irregular nature of the goods made comparison with standard goods unreliable. It clarified that Customs authorities can challenge declared values with contemporaneous evidence but noted that in this case, the Commissioner's decision was valid. The Tribunal dismissed the Revenue's appeals and instructed prompt finalization of assessments in favor of the respondents. en-us Mon, 03 Jan 2005 00:00:00 +0530 Fri, 15 Oct 2010 11:57:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53784 The Tribunal upheld the decision of the Commissioner (Appeals) to accept the transaction value declared by the respondents for imported goods, "Secondary/Defective CRGO electrical steel strip cuttings in irregular shapes and sizes," over the rejected EDI data used by the Revenue for assessment. The Tribunal found that the irregular nature of the goods made comparison with standard goods unreliable. It clarified that Customs authorities can challenge declared values with contemporaneous evidence but noted that in this case, the Commissioner's decision was valid. The Tribunal dismissed the Revenue's appeals and instructed prompt finalization of assessments in favor of the respondents. Case-Laws Customs Mon, 03 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53784