https://www.taxtmi.com/caselaws?id=758299 CESTAT Kolkata dismissed Revenue's appeals regarding imported motor controllers and electric tricycle spare parts. The tribunal upheld the declared transaction values, rejecting Revenue's enhancement based on NIDB data showing assessed rather than declared values. The assessing officer improperly rejected transaction values without valid basis or following Section 14 procedures, with no evidence of related parties or non-genuine pricing. The tribunal confirmed classification under CTH 8503 0090 for motor controllers, finding them suitable for use with electric motors under Chapter 8501, not automotive parts under CTH 8708. Commissioner (Appeals) orders were upheld entirely. en-us Wed, 07 Aug 2024 00:00:00 +0530 Wed, 11 Sep 2024 20:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758299 CESTAT Kolkata dismissed Revenue's appeals regarding imported motor controllers and electric tricycle spare parts. The tribunal upheld the declared transaction values, rejecting Revenue's enhancement based on NIDB data showing assessed rather than declared values. The assessing officer improperly rejected transaction values without valid basis or following Section 14 procedures, with no evidence of related parties or non-genuine pricing. The tribunal confirmed classification under CTH 8503 0090 for motor controllers, finding them suitable for use with electric motors under Chapter 8501, not automotive parts under CTH 8708. Commissioner (Appeals) orders were upheld entirely. Case-Laws Customs Wed, 07 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758299