https://www.taxtmi.com/caselaws?id=361888 The Tribunal overturned the Commissioner (Appeals)'s decision to enhance the declared value of imported knitted fabric based on NIDB data, ruling that such enhancement was impermissible according to legal precedents. The Tribunal emphasized that NIDB data cannot be used to increase imported goods' value, setting aside the order and ruling in favor of the appellants. This decision by CESTAT CHENNAI underscores the significance of legal precedents in determining the assessable value of imported goods and establishes a clear guideline for future cases involving the use of NIDB data for valuation purposes. en-us Thu, 01 Mar 2018 00:00:00 +0530 Sat, 16 Jun 2018 10:50:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361888 The Tribunal overturned the Commissioner (Appeals)'s decision to enhance the declared value of imported knitted fabric based on NIDB data, ruling that such enhancement was impermissible according to legal precedents. The Tribunal emphasized that NIDB data cannot be used to increase imported goods' value, setting aside the order and ruling in favor of the appellants. This decision by CESTAT CHENNAI underscores the significance of legal precedents in determining the assessable value of imported goods and establishes a clear guideline for future cases involving the use of NIDB data for valuation purposes. Case-Laws Customs Thu, 01 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361888