https://www.taxtmi.com/caselaws?id=345070 The Appellate Tribunal CESTAT Mumbai upheld the decision of the Commissioner of Customs to enhance the assessable value of imported CNG kits and cylinders due to undervaluation. Despite reliance on legal precedents, the appellant failed to justify discrepancies in declared value and negotiation discounts. The Tribunal rejected the plea to accept declared value, emphasizing the use of contemporaneous prices for valuation. The case was remanded to the adjudicating authority for a fresh hearing to address the lack of record-keeping and provide the appellant with an opportunity to present their case effectively, stressing the importance of a proper adjudication process. en-us Mon, 12 Jun 2017 00:00:00 +0530 Fri, 07 Jul 2017 11:29:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345070 The Appellate Tribunal CESTAT Mumbai upheld the decision of the Commissioner of Customs to enhance the assessable value of imported CNG kits and cylinders due to undervaluation. Despite reliance on legal precedents, the appellant failed to justify discrepancies in declared value and negotiation discounts. The Tribunal rejected the plea to accept declared value, emphasizing the use of contemporaneous prices for valuation. The case was remanded to the adjudicating authority for a fresh hearing to address the lack of record-keeping and provide the appellant with an opportunity to present their case effectively, stressing the importance of a proper adjudication process. Case-Laws Customs Mon, 12 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345070