https://www.taxtmi.com/caselaws?id=362727 The Tribunal allowed the importer's appeal, rejecting the re-assessment based on under-valuation claims of imported goods. It held that reliance solely on National Import Database (NIDB) Data was unreasonable, emphasizing the lack of proper reasoning and consideration of special circumstances under the Customs Act. The Tribunal clarified that payment of differential duty did not signify acceptance of the assessed value, granting the importer a refund of the duty paid. en-us Thu, 28 Jun 2018 00:00:00 +0530 Mon, 02 Jul 2018 11:03:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362727 The Tribunal allowed the importer's appeal, rejecting the re-assessment based on under-valuation claims of imported goods. It held that reliance solely on National Import Database (NIDB) Data was unreasonable, emphasizing the lack of proper reasoning and consideration of special circumstances under the Customs Act. The Tribunal clarified that payment of differential duty did not signify acceptance of the assessed value, granting the importer a refund of the duty paid. Case-Laws Customs Thu, 28 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362727