https://www.taxtmi.com/caselaws?id=757882 CESTAT New Delhi upheld customs valuation enhancement for imported aluminum scrap under Rule 12 of Customs Valuation Rules, 2007. The appellant had categorically admitted that declared values in Bills of Entry were lower than comparable imports and accepted the Assessing Officer's re-determined value under Rule 9. CESTAT held that admitted facts need not be proved by department, citing SC precedent in Systems Components. The Commissioner (Appeals) order allowing 17 appeals was set aside, with CESTAT ruling that transaction value rejection was justified without requiring additional evidence when party admits undervaluation. en-us Mon, 02 Sep 2024 00:00:00 +0530 Tue, 03 Sep 2024 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757882 CESTAT New Delhi upheld customs valuation enhancement for imported aluminum scrap under Rule 12 of Customs Valuation Rules, 2007. The appellant had categorically admitted that declared values in Bills of Entry were lower than comparable imports and accepted the Assessing Officer's re-determined value under Rule 9. CESTAT held that admitted facts need not be proved by department, citing SC precedent in Systems Components. The Commissioner (Appeals) order allowing 17 appeals was set aside, with CESTAT ruling that transaction value rejection was justified without requiring additional evidence when party admits undervaluation. Case-Laws Customs Mon, 02 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757882