https://www.taxtmi.com/caselaws?id=751515 CESTAT New Delhi upheld customs valuation redetermination for imported Ethylene Vinyl Acetate (EVA). The appellant declared 18% vinyl acetate content but CIPET testing revealed 22.4%. The tribunal accepted CIPET's ASTM E 1131 testing method over appellant's preferred ASTM D 5594-98, noting CIPET's expertise and lack of evidence supporting alternative methodology. Following Supreme Court precedent in Reliance Cellulose, government laboratory reports were given preference over private test reports. The assessing officer properly rejected transaction value under Rule 12 and redetermined value under Rule 9 using contemporaneous ICIS data from other regions, adopting the lowest comparable values for EVA with 22% vinyl acetate content. Appeal dismissed. en-us Tue, 16 Apr 2024 00:00:00 +0530 Wed, 17 Apr 2024 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751515 CESTAT New Delhi upheld customs valuation redetermination for imported Ethylene Vinyl Acetate (EVA). The appellant declared 18% vinyl acetate content but CIPET testing revealed 22.4%. The tribunal accepted CIPET's ASTM E 1131 testing method over appellant's preferred ASTM D 5594-98, noting CIPET's expertise and lack of evidence supporting alternative methodology. Following Supreme Court precedent in Reliance Cellulose, government laboratory reports were given preference over private test reports. The assessing officer properly rejected transaction value under Rule 12 and redetermined value under Rule 9 using contemporaneous ICIS data from other regions, adopting the lowest comparable values for EVA with 22% vinyl acetate content. Appeal dismissed. Case-Laws Customs Tue, 16 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751515