https://www.taxtmi.com/caselaws?id=376434 The Commissioner (Appeals) set aside the re-assessment of imported goods, restoring the self-assessment based on the transaction value declared by the importer. Despite the respondent's acceptance of enhanced values, the Tribunal emphasized the necessity of adhering to the Customs Valuation Rules, requiring cogent reasons for rejecting the declared value. The case was remanded to the Original Assessing Authority for proper assessment procedures, including issuing a speaking order and allowing the importer's representative to challenge the basis for enhancement. The Revenue's appeal was allowed for remand, emphasizing compliance with statutory valuation requirements. en-us Wed, 06 Mar 2019 00:00:00 +0530 Fri, 13 Mar 2020 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376434 The Commissioner (Appeals) set aside the re-assessment of imported goods, restoring the self-assessment based on the transaction value declared by the importer. Despite the respondent's acceptance of enhanced values, the Tribunal emphasized the necessity of adhering to the Customs Valuation Rules, requiring cogent reasons for rejecting the declared value. The case was remanded to the Original Assessing Authority for proper assessment procedures, including issuing a speaking order and allowing the importer's representative to challenge the basis for enhancement. The Revenue's appeal was allowed for remand, emphasizing compliance with statutory valuation requirements. Case-Laws Customs Wed, 06 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376434