https://www.taxtmi.com/caselaws?id=755476 CESTAT Ahmedabad set aside customs valuation enhancement of imported Polyurethane Sealant where value was increased five times based solely on appellant's acceptance letter. Tribunal held that despite importer's admission, Revenue must satisfy Section 14 requirements and Customs Valuation Rules before enhancing value. No contemporaneous import price or documentary evidence was provided beyond acceptance letter. Distinguished Sukhdev Exports case as it involved Section 108 statement, which was absent here. Appeal allowed, lower authorities' orders deemed incorrect and illegal. en-us Wed, 10 Jul 2024 00:00:00 +0530 Fri, 12 Jul 2024 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755476 CESTAT Ahmedabad set aside customs valuation enhancement of imported Polyurethane Sealant where value was increased five times based solely on appellant's acceptance letter. Tribunal held that despite importer's admission, Revenue must satisfy Section 14 requirements and Customs Valuation Rules before enhancing value. No contemporaneous import price or documentary evidence was provided beyond acceptance letter. Distinguished Sukhdev Exports case as it involved Section 108 statement, which was absent here. Appeal allowed, lower authorities' orders deemed incorrect and illegal. Case-Laws Customs Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755476