https://www.taxtmi.com/caselaws?id=443646 The Tribunal set aside the orders-in-appeal, allowing the appeals and granting relief to the appellants. It held that the rejection of declared value of imported goods based on higher contemporary prices lacked legal basis. The Tribunal emphasized the necessity for the department to provide substantial evidence for such rejections. Furthermore, the Tribunal affirmed the appellant's entitlement to exemption from countervailing duty, stating that the condition of non-availment of Cenvat credit need not be fulfilled at the time of import. en-us Tue, 26 Sep 2023 00:00:00 +0530 Wed, 27 Sep 2023 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443646 The Tribunal set aside the orders-in-appeal, allowing the appeals and granting relief to the appellants. It held that the rejection of declared value of imported goods based on higher contemporary prices lacked legal basis. The Tribunal emphasized the necessity for the department to provide substantial evidence for such rejections. Furthermore, the Tribunal affirmed the appellant's entitlement to exemption from countervailing duty, stating that the condition of non-availment of Cenvat credit need not be fulfilled at the time of import. Case-Laws Customs Tue, 26 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443646