https://www.taxtmi.com/highlights?id=73336 Undervaluation of the imported goods - Rejection of transaction value - Having rejected the declared assessable value under Rule 12, the department sought to re-determine it under Rule 5 based on the contemporaneous value of similar goods imported into the country. - To determine the value of the contemporaneous imports, the relevant data was extracted from the NIDB. - Importer has also accepted the same - Demand confirmed - AT en-us Fri, 01 Dec 2023 09:27:45 +0530 Fri, 01 Dec 2023 18:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73336 Undervaluation of the imported goods - Rejection of transaction value - Having rejected the declared assessable value under Rule 12, the department sought to re-determine it under Rule 5 based on the contemporaneous value of similar goods imported into the country. - To determine the value of the contemporaneous imports, the relevant data was extracted from the NIDB. - Importer has also accepted the same - Demand confirmed - AT Highlights Customs Fri, 01 Dec 2023 09:27:45 +0530 https://www.taxtmi.com/highlights?id=73336