https://www.taxtmi.com/caselaws?id=354796 Valuation of clearances by a 100% Export Oriented Unit into the Domestic Tariff Area cannot be based merely on domestic transaction price or MRP unless the assessable value is lawfully supported under the customs valuation framework. The notice and computation were found unsustainable because they did not establish a valid basis for treating the domestic sale price as the assessable value. The governing principle applied was that domestic market price is not automatically the transaction value for customs purposes, and the FOB/export price of identical or similar goods is a relevant benchmark for such valuation. The demand was held not sustainable and the assessee's valuation basis was accepted. en-us Thu, 11 Jan 2018 00:00:00 +0530 Mon, 05 Feb 2018 08:00:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354796 Valuation of clearances by a 100% Export Oriented Unit into the Domestic Tariff Area cannot be based merely on domestic transaction price or MRP unless the assessable value is lawfully supported under the customs valuation framework. The notice and computation were found unsustainable because they did not establish a valid basis for treating the domestic sale price as the assessable value. The governing principle applied was that domestic market price is not automatically the transaction value for customs purposes, and the FOB/export price of identical or similar goods is a relevant benchmark for such valuation. The demand was held not sustainable and the assessee's valuation basis was accepted. Case-Laws Central Excise Thu, 11 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354796