https://www.taxtmi.com/caselaws?id=290566 The Tribunal upheld the Commissioner (Appeals) order, rejecting the Revenue's appeal regarding the rejection of the declared value of imported goods. It emphasized that enhancing the value based on external data like NIDB without evidence of incorrect value is impermissible. The Tribunal highlighted the importance of assessing duty based on transaction value unless specific exceptions apply under Rule 4(2), emphasizing the necessity of evidence to support any enhancement. The case underscores the significance of accurate valuation and the requirement for concrete evidence before rejecting declared values based on external data sources. en-us Fri, 20 Jul 2018 00:00:00 +0530 Tue, 06 Oct 2020 10:46:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290566 The Tribunal upheld the Commissioner (Appeals) order, rejecting the Revenue's appeal regarding the rejection of the declared value of imported goods. It emphasized that enhancing the value based on external data like NIDB without evidence of incorrect value is impermissible. The Tribunal highlighted the importance of assessing duty based on transaction value unless specific exceptions apply under Rule 4(2), emphasizing the necessity of evidence to support any enhancement. The case underscores the significance of accurate valuation and the requirement for concrete evidence before rejecting declared values based on external data sources. Case-Laws Customs Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290566