https://www.taxtmi.com/caselaws?id=54553 The Appellate Tribunal CESTAT, Bangalore, allowed all appeals in a case involving the rejection of transaction value in favor of contemporaneous value for imported goods. The Tribunal emphasized the importance of 'special circumstances' under Customs Valuation Rules, 1988 and upheld the appellants' argument that the transaction value was based on commercial considerations. It highlighted the necessity for Customs to accept the price actually paid or payable unless specific exceptions apply, distinguishing previous cases under different legal provisions. The decision provided consequential relief to the appellants based on the correct interpretation of the rules. en-us Thu, 04 Aug 2005 00:00:00 +0530 Wed, 20 Oct 2010 17:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54553 The Appellate Tribunal CESTAT, Bangalore, allowed all appeals in a case involving the rejection of transaction value in favor of contemporaneous value for imported goods. The Tribunal emphasized the importance of 'special circumstances' under Customs Valuation Rules, 1988 and upheld the appellants' argument that the transaction value was based on commercial considerations. It highlighted the necessity for Customs to accept the price actually paid or payable unless specific exceptions apply, distinguishing previous cases under different legal provisions. The decision provided consequential relief to the appellants based on the correct interpretation of the rules. Case-Laws Customs Thu, 04 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54553