2002 (2) TMI 246 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Bangalore allowed the appeal of importers of modems and software from BOCA RESEARCH INC., USA, stating that the Transaction Value should not be rejected based on assumed profit accruing to the foreign supplier. The Tribunal found no merit in upholding the determination of value by the Commissioner (Appeals) and allowed the appeal.