https://www.taxtmi.com/caselaws?id=379666 The Appellate Tribunal CESTAT NEW DELHI ruled in appeals concerning disputed valuation of imported goods based on Bills of Entry. The Tribunal found that the enhanced valuation lacked evidential support and upheld the declared value of the goods, setting aside the demands against the appellants. The judgment emphasized adherence to legal principles under Customs Valuation Rules, requiring assessing officers to provide specific justifications for rejecting declared values and consider contemporaneous import prices as the primary guide for valuation. The appeals were allowed with consequential relief, highlighting the significance of following transaction value principles in customs valuation matters. en-us Mon, 08 Apr 2019 00:00:00 +0530 Mon, 06 May 2019 08:49:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379666 The Appellate Tribunal CESTAT NEW DELHI ruled in appeals concerning disputed valuation of imported goods based on Bills of Entry. The Tribunal found that the enhanced valuation lacked evidential support and upheld the declared value of the goods, setting aside the demands against the appellants. The judgment emphasized adherence to legal principles under Customs Valuation Rules, requiring assessing officers to provide specific justifications for rejecting declared values and consider contemporaneous import prices as the primary guide for valuation. The appeals were allowed with consequential relief, highlighting the significance of following transaction value principles in customs valuation matters. Case-Laws Customs Mon, 08 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379666