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2008 (4) TMI 436 - SC - CustomsRejection of transaction value – order of tribunal - in view of the majority decision of the Tribunal, the appeal of the Revenue was allowed thus rejecting the transaction value as determined by the first appellate authority - It is settled law that unless transaction value is rejected for extraordinary or special reasons, the same has to be accepted. - Tribunal has fallen in error in taking a decision contrary to the principle laid down by this court in case of Eicher Tractors - Under the circumstances, the impugned order of the Tribunal and the adjudicating authority are set aside and that of the first appellate authority is restore. The appeal is allowed accordingly. – Tribunal’s order contrary to principle laid down by SC in precedent decisions, not sustainable
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