https://www.taxtmi.com/caselaws?id=340641 A minimum import price fixed by DGFT for marble blocks could not, by itself, be used to reject the declared transaction value of marble slabs cleared by an EOU into the Domestic Tariff Area. The clearances were made to independent buyers, and there was no evidence of price manipulation or any special circumstance warranting departure from transaction value. Recasting the assessable value by treating the import price as the base under Rule 8 of the Customs Valuation Rules was not a legally approved valuation method on these facts. The rejection of transaction value and the resulting demand were therefore unsustainable, and the appeal was allowed. en-us Thu, 23 Feb 2017 00:00:00 +0530 Fri, 05 Jan 2018 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340641 A minimum import price fixed by DGFT for marble blocks could not, by itself, be used to reject the declared transaction value of marble slabs cleared by an EOU into the Domestic Tariff Area. The clearances were made to independent buyers, and there was no evidence of price manipulation or any special circumstance warranting departure from transaction value. Recasting the assessable value by treating the import price as the base under Rule 8 of the Customs Valuation Rules was not a legally approved valuation method on these facts. The rejection of transaction value and the resulting demand were therefore unsustainable, and the appeal was allowed. Case-Laws Central Excise Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340641