https://www.taxtmi.com/caselaws?id=54119 The Appellate Tribunal dismissed the Revenue's appeals in a customs case involving the importation of a textile machine from Japan. The Tribunal found no evidence to suggest the declared price was not genuine, relying on the manufacturer's invoice and payment records. Emphasizing that mere comparison of invoices is not conclusive for determining under valuation, the Tribunal upheld the Order-in-Appeal, rejecting the Revenue's arguments regarding contemporaneous imports, the department's right to re-open assessment, and the comparison of transaction values. The decision was made after a thorough review of the case records and was pronounced in open court. en-us Thu, 09 Jun 2005 00:00:00 +0530 Mon, 18 Oct 2010 11:09:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54119 The Appellate Tribunal dismissed the Revenue's appeals in a customs case involving the importation of a textile machine from Japan. The Tribunal found no evidence to suggest the declared price was not genuine, relying on the manufacturer's invoice and payment records. Emphasizing that mere comparison of invoices is not conclusive for determining under valuation, the Tribunal upheld the Order-in-Appeal, rejecting the Revenue's arguments regarding contemporaneous imports, the department's right to re-open assessment, and the comparison of transaction values. The decision was made after a thorough review of the case records and was pronounced in open court. Case-Laws Customs Thu, 09 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54119