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of <h1>Declared transaction value for imported steam coal rejected as sham invoice fails s.14 and Rule 3(1) requirements</h1> <h3>Principal Commissioner of Customs (Import - II) Versus Vaibhav Aggarwal.</h3> SC dismissed the appeal and upheld CESTAT's order affirming rejection of the declared transaction value for imported steam coal, with consequent ... Re-determination of the transaction value of imported goods under the Customs Act, 1962 - Steam coal - rejection of declared transaction value - confiscation - penalty - it was held by CESTAT that 'Clearly, an invoice raised on a buyer, shamed as ‘sham’ inclusion in the notice, outside India, even if concerning the impugned goods which has not been established by provenanced documentation, is not evidence of price between seller and buyer in India and, hence, not conforming either to section 14 of Customs Act, 1962 or to rule 3(1) of Customs Valuation (Determination of Value of Imported Goods) Rules, 2007.' HELD THAT:- There are no good ground to interfere with the common impugned Order dated 25-3-2025 passed by the Customs, Excise & Service Tax Appellate Tribunal, Mumbai in Customs Appeals. Appeal dismissed. 'Delay condoned.' The appeals challenge the common impugned Order dated 25-3-2025 passed by the Customs, Excise & Service Tax Appellate Tribunal, Mumbai in Customs Appeals. After consideration of the materials on record and submissions, the court found 'no good ground to interfere' with the Tribunal's order. Consequently, 'The Appeals are, accordingly, dismissed.' All pending applications, if any, stand disposed of. The disposition affirms the Tribunal's decision and leaves the original order intact.
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