https://www.taxtmi.com/caselaws?id=371678 Enhancement of the assessable value of imported PU belts was held unsustainable where the Department relied on a circular, NIDB data, contemporaneous imports and market survey material without proving a reliable basis to reject the declared transaction value. The imports were found to be identical, sourced from the same supplier, and declared at materially similar prices in connected matters. The material relied on did not establish that comparable goods were of the same quality, quantity and origin, and the alleged market enquiry was not properly proved. As the evidentiary burden under the Customs valuation framework was not met, the differential duty demand failed. en-us Fri, 07 Dec 2018 00:00:00 +0530 Sat, 08 Dec 2018 06:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371678 Enhancement of the assessable value of imported PU belts was held unsustainable where the Department relied on a circular, NIDB data, contemporaneous imports and market survey material without proving a reliable basis to reject the declared transaction value. The imports were found to be identical, sourced from the same supplier, and declared at materially similar prices in connected matters. The material relied on did not establish that comparable goods were of the same quality, quantity and origin, and the alleged market enquiry was not properly proved. As the evidentiary burden under the Customs valuation framework was not met, the differential duty demand failed. Case-Laws Customs Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371678