https://www.taxtmi.com/caselaws?id=756566 CESTAT Ahmedabad held that customs authorities cannot reject declared transaction value of imported goods without finding invoices fake or proving non-payment. The department enhanced value based on contemporaneous import data of similar goods, but tribunal ruled this violated Section 14 of Customs Act, 1962 and Rule 3(1) of Valuation Rules. NIDB data alone cannot justify value enhancement unless it falls within parameters of identical/similar goods. The rejection lacked legal sanction, making the enhancement unsustainable. Appeal allowed, impugned orders set aside. en-us Thu, 25 Jul 2024 00:00:00 +0530 Tue, 06 Aug 2024 07:50:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756566 CESTAT Ahmedabad held that customs authorities cannot reject declared transaction value of imported goods without finding invoices fake or proving non-payment. The department enhanced value based on contemporaneous import data of similar goods, but tribunal ruled this violated Section 14 of Customs Act, 1962 and Rule 3(1) of Valuation Rules. NIDB data alone cannot justify value enhancement unless it falls within parameters of identical/similar goods. The rejection lacked legal sanction, making the enhancement unsustainable. Appeal allowed, impugned orders set aside. Case-Laws Customs Thu, 25 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756566