https://www.taxtmi.com/caselaws?id=370026 The Tribunal set aside the orders enhancing the value of imported Ball Bearings based on a Commissioner of Customs Circular, as the enhancement without rejection of transaction value under Section 14 of the Customs Act, 1962, was deemed unacceptable. Previous Tribunal decisions were found inapplicable as they did not address the rejection of transaction value. The Tribunal emphasized the necessity of following Valuation Rules for enhancing imported goods' value and highlighted that DRI alerts alone are insufficient grounds for valuation enhancement. The appeals were allowed, and the impugned orders were overturned. en-us Wed, 29 Aug 2018 00:00:00 +0530 Fri, 20 Feb 2026 17:19:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370026 The Tribunal set aside the orders enhancing the value of imported Ball Bearings based on a Commissioner of Customs Circular, as the enhancement without rejection of transaction value under Section 14 of the Customs Act, 1962, was deemed unacceptable. Previous Tribunal decisions were found inapplicable as they did not address the rejection of transaction value. The Tribunal emphasized the necessity of following Valuation Rules for enhancing imported goods' value and highlighted that DRI alerts alone are insufficient grounds for valuation enhancement. The appeals were allowed, and the impugned orders were overturned. Case-Laws Customs Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370026