https://www.taxtmi.com/caselaws?id=352187 Declared transaction value of imported goods could not be rejected merely on selected NIDB entries without examining whether the referenced goods were truly comparable in description, specifications, features, and transaction level, and without placing the full data before the importer. The use of a mid-range price and reliance on capacity alone lacked legal justification, so the enhancement of value was not sustained. The claim for exemption from countervailing duty also required fresh consideration in light of the cited precedents. The impugned order was set aside and the matter remanded for re-assessment under the Valuation Rules and reconsideration of the exemption claim. en-us Wed, 25 Oct 2017 00:00:00 +0530 Sat, 09 Dec 2017 08:25:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352187 Declared transaction value of imported goods could not be rejected merely on selected NIDB entries without examining whether the referenced goods were truly comparable in description, specifications, features, and transaction level, and without placing the full data before the importer. The use of a mid-range price and reliance on capacity alone lacked legal justification, so the enhancement of value was not sustained. The claim for exemption from countervailing duty also required fresh consideration in light of the cited precedents. The impugned order was set aside and the matter remanded for re-assessment under the Valuation Rules and reconsideration of the exemption claim. Case-Laws Customs Wed, 25 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352187