https://www.taxtmi.com/caselaws?id=385360 Declared transaction value of imported aluminium scrap could not be discarded or the assessable value enhanced merely on NIDB data. Where no evidence was produced to show the declared value was incorrect, rejection of transaction value was not justified and enhancement on that basis was impermissible. The appellate order upholding such enhancement therefore could not stand, and the valuation adjustment based solely on NIDB data was held unsustainable, with consequential relief following. en-us Wed, 15 May 2019 00:00:00 +0530 Wed, 04 Sep 2019 07:14:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385360 Declared transaction value of imported aluminium scrap could not be discarded or the assessable value enhanced merely on NIDB data. Where no evidence was produced to show the declared value was incorrect, rejection of transaction value was not justified and enhancement on that basis was impermissible. The appellate order upholding such enhancement therefore could not stand, and the valuation adjustment based solely on NIDB data was held unsustainable, with consequential relief following. Case-Laws Customs Wed, 15 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385360