https://www.taxtmi.com/caselaws?id=269417 The Appellate Tribunal CESTAT NEW DELHI set aside the order enhancing the assessable value of imported Chinese ball bearings based solely on a Circular issued by the Commissioner of Customs. Emphasizing the need for proper assessment procedures, the Tribunal ruled that assessable values cannot be fixed without examining the goods' quality and size. Referring to a previous case, the Tribunal held that circulars cannot be used to enhance values without rejecting transaction and invoice values. Consequently, all appeals were allowed, providing relief to the appellant and underscoring the importance of thorough assessment processes in such matters. en-us Thu, 16 Oct 2014 00:00:00 +0530 Mon, 14 Dec 2015 22:03:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269417 The Appellate Tribunal CESTAT NEW DELHI set aside the order enhancing the assessable value of imported Chinese ball bearings based solely on a Circular issued by the Commissioner of Customs. Emphasizing the need for proper assessment procedures, the Tribunal ruled that assessable values cannot be fixed without examining the goods' quality and size. Referring to a previous case, the Tribunal held that circulars cannot be used to enhance values without rejecting transaction and invoice values. Consequently, all appeals were allowed, providing relief to the appellant and underscoring the importance of thorough assessment processes in such matters. Case-Laws Customs Thu, 16 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269417