https://www.taxtmi.com/caselaws?id=440047 The appeal by M/s Lakyou Beauty India was allowed, and the impugned order was set aside by the court. The court found the application of the 'deductive value' method under the Customs Valuation Rules to be improper. The rejection of the declared value of imported cosmetics based on retail selling price without proper scrutiny of the manufacturer's invoice and local sale invoices was deemed incorrect. The court highlighted that the conditions for using the 'deductive value' method were not fully met, and the rejection under rule 12 lacked necessary justification. en-us Wed, 05 Jul 2023 00:00:00 +0530 Sat, 03 Feb 2024 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440047 The appeal by M/s Lakyou Beauty India was allowed, and the impugned order was set aside by the court. The court found the application of the 'deductive value' method under the Customs Valuation Rules to be improper. The rejection of the declared value of imported cosmetics based on retail selling price without proper scrutiny of the manufacturer's invoice and local sale invoices was deemed incorrect. The court highlighted that the conditions for using the 'deductive value' method were not fully met, and the rejection under rule 12 lacked necessary justification. Case-Laws Customs Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440047