https://www.taxtmi.com/caselaws?id=54102 The Tribunal allowed the Revenue's appeal, setting aside the Commissioner (Appeals) order regarding the assessable value of a vessel brought for breaking. It held that the price indicated in the initial MOA should be considered the value of the goods at the time of importation, rejecting any reduction in price post-importation. The Tribunal emphasized that the value of goods in international trade should reflect prices in the ordinary course of trade, cautioning against accepting revised prices without proper scrutiny. en-us Wed, 25 May 2005 00:00:00 +0530 Mon, 18 Oct 2010 10:26:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54102 The Tribunal allowed the Revenue's appeal, setting aside the Commissioner (Appeals) order regarding the assessable value of a vessel brought for breaking. It held that the price indicated in the initial MOA should be considered the value of the goods at the time of importation, rejecting any reduction in price post-importation. The Tribunal emphasized that the value of goods in international trade should reflect prices in the ordinary course of trade, cautioning against accepting revised prices without proper scrutiny. Case-Laws Customs Wed, 25 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54102