https://www.taxtmi.com/caselaws?id=426482 The Tribunal allowed the appeal in the case involving the rejection of the declared assessable value in a Bill of Entry for the import of Integrated Circuits. The rejection was found to lack sufficient reasons and violated principles of natural justice. The valuation under Customs Valuation Rules was deemed legally unsustainable due to insufficient justification and incomparable quantities imported. The Tribunal emphasized the importance of evidence supporting the rejection of declared value and set aside the department's decision, providing consequential relief to the appellant. en-us Wed, 10 Aug 2022 00:00:00 +0530 Thu, 18 Aug 2022 08:16:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426482 The Tribunal allowed the appeal in the case involving the rejection of the declared assessable value in a Bill of Entry for the import of Integrated Circuits. The rejection was found to lack sufficient reasons and violated principles of natural justice. The valuation under Customs Valuation Rules was deemed legally unsustainable due to insufficient justification and incomparable quantities imported. The Tribunal emphasized the importance of evidence supporting the rejection of declared value and set aside the department's decision, providing consequential relief to the appellant. Case-Laws Customs Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426482