https://www.taxtmi.com/caselaws?id=344716 The Tribunal ruled in favor of the importers of polyester PVC coated fabrics, setting aside the rejection of transaction value in customs valuation. It emphasized that the value cannot be enhanced solely based on DRI alerts or circulars without rejecting the declared transaction value under Section 14 of the Customs Act. Precedents like Soir International Vs. CC, Delhi-IV were cited to support the decision. The Tribunal highlighted the necessity of adhering to Customs Valuation Rules and rejecting transaction value before making enhancements based on external factors. The appeals were allowed, and the declared value by the importers was accepted, emphasizing the importance of proper valuation procedures. en-us Mon, 19 Jun 2017 00:00:00 +0530 Thu, 03 Aug 2017 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344716 The Tribunal ruled in favor of the importers of polyester PVC coated fabrics, setting aside the rejection of transaction value in customs valuation. It emphasized that the value cannot be enhanced solely based on DRI alerts or circulars without rejecting the declared transaction value under Section 14 of the Customs Act. Precedents like Soir International Vs. CC, Delhi-IV were cited to support the decision. The Tribunal highlighted the necessity of adhering to Customs Valuation Rules and rejecting transaction value before making enhancements based on external factors. The appeals were allowed, and the declared value by the importers was accepted, emphasizing the importance of proper valuation procedures. Case-Laws Customs Mon, 19 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344716