https://www.taxtmi.com/caselaws?id=444903 The CESTAT NEW DELHI allowed the appeal in a customs valuation case involving imported brass ceramic cartridge parts. The proper officer rejected the declared transaction value and applied Rule 7 valuation solely based on weight discrepancy, despite the appellant's consistent position that goods were imported on piece basis, not weight. The tribunal held that the department failed to establish reasonable grounds to doubt the declared value's accuracy under Rule 12 of the Valuation Rules. The mere acceptance of reassessed value by the appellant was insufficient to prove under-valuation allegations. The department did not discharge its burden of proof, and the statutory valuation procedure was not properly followed, resulting in appeal allowance. en-us Fri, 20 Oct 2023 00:00:00 +0530 Thu, 26 Oct 2023 07:28:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444903 The CESTAT NEW DELHI allowed the appeal in a customs valuation case involving imported brass ceramic cartridge parts. The proper officer rejected the declared transaction value and applied Rule 7 valuation solely based on weight discrepancy, despite the appellant's consistent position that goods were imported on piece basis, not weight. The tribunal held that the department failed to establish reasonable grounds to doubt the declared value's accuracy under Rule 12 of the Valuation Rules. The mere acceptance of reassessed value by the appellant was insufficient to prove under-valuation allegations. The department did not discharge its burden of proof, and the statutory valuation procedure was not properly followed, resulting in appeal allowance. Case-Laws Customs Fri, 20 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444903