https://www.taxtmi.com/caselaws?id=444318 The Tribunal rejected the Revenue's attempt to re-value imported goods by rejecting the declared value, emphasizing the insufficiency of relying solely on NIDB data without establishing comparability with the imported goods. It highlighted the necessity for the Revenue to prove incorrect invoice prices before re-valuing imports and reiterated that the burden of proof lies with the Department. The Tribunal set aside the Order-in-Appeal, allowing the appellant's appeal with consequential benefits as per law. en-us Thu, 12 Oct 2023 00:00:00 +0530 Fri, 13 Oct 2023 09:00:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444318 The Tribunal rejected the Revenue's attempt to re-value imported goods by rejecting the declared value, emphasizing the insufficiency of relying solely on NIDB data without establishing comparability with the imported goods. It highlighted the necessity for the Revenue to prove incorrect invoice prices before re-valuing imports and reiterated that the burden of proof lies with the Department. The Tribunal set aside the Order-in-Appeal, allowing the appellant's appeal with consequential benefits as per law. Case-Laws Customs Thu, 12 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444318