https://www.taxtmi.com/caselaws?id=351573 The Appellate Tribunal CESTAT NEW DELHI set aside the original authority's decision regarding undervaluation of imported goods and application of Rule 8 of Customs Valuation Rules. The Tribunal found the assessment lacking sustainable reasons and support, emphasizing the need for a proper basis when applying Rule 8 valuation. The methodology solely relying on the Chartered Engineer's certificate was considered inadequate. The matter was remanded for re-determination, questioning the competence of the Chartered Engineer in valuation of goods manufactured outside India. en-us Wed, 18 Oct 2017 00:00:00 +0530 Mon, 27 Nov 2017 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351573 The Appellate Tribunal CESTAT NEW DELHI set aside the original authority's decision regarding undervaluation of imported goods and application of Rule 8 of Customs Valuation Rules. The Tribunal found the assessment lacking sustainable reasons and support, emphasizing the need for a proper basis when applying Rule 8 valuation. The methodology solely relying on the Chartered Engineer's certificate was considered inadequate. The matter was remanded for re-determination, questioning the competence of the Chartered Engineer in valuation of goods manufactured outside India. Case-Laws Customs Wed, 18 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351573