https://www.taxtmi.com/caselaws?id=445287 CESTAT Chennai held that declared value of imported induction cookers from China cannot be rejected solely based on NIDB data. The Assistant Commissioner erred in rejecting appellant's declared value without considering contemporaneous imports of similar goods by other importers that matched appellant's declared values. Revenue failed to establish grounds for rejection or re-determination of declared value. The tribunal reiterated established law that NIDB data alone cannot justify value rejection, citing precedent that contemporaneous imports were incomparable. Appeal allowed, impugned order set aside. en-us Fri, 03 Nov 2023 00:00:00 +0530 Tue, 20 Aug 2024 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445287 CESTAT Chennai held that declared value of imported induction cookers from China cannot be rejected solely based on NIDB data. The Assistant Commissioner erred in rejecting appellant's declared value without considering contemporaneous imports of similar goods by other importers that matched appellant's declared values. Revenue failed to establish grounds for rejection or re-determination of declared value. The tribunal reiterated established law that NIDB data alone cannot justify value rejection, citing precedent that contemporaneous imports were incomparable. Appeal allowed, impugned order set aside. Case-Laws Customs Fri, 03 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445287