https://www.taxtmi.com/caselaws?id=448729 The CESTAT New Delhi held that the proper officer wrongly rejected the declared transaction value of exported readymade garments under Export Valuation Rule 8. The court found that DRI officers' subjective opinion and intelligence reports alone cannot constitute "reasonable doubt" required for rejecting transaction values. The proper officer must have independent reason to doubt before calling for additional information. Since the appellant provided supporting documents including bank realization certificates reflecting the transaction value, the rejection was unjustified. The court set aside the order rejecting transaction value, consequential confiscation, and penalties. Appeal allowed. en-us Thu, 25 Jan 2024 00:00:00 +0530 Sun, 28 Jan 2024 20:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448729 The CESTAT New Delhi held that the proper officer wrongly rejected the declared transaction value of exported readymade garments under Export Valuation Rule 8. The court found that DRI officers' subjective opinion and intelligence reports alone cannot constitute "reasonable doubt" required for rejecting transaction values. The proper officer must have independent reason to doubt before calling for additional information. Since the appellant provided supporting documents including bank realization certificates reflecting the transaction value, the rejection was unjustified. The court set aside the order rejecting transaction value, consequential confiscation, and penalties. Appeal allowed. Case-Laws Customs Thu, 25 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448729