https://www.taxtmi.com/caselaws?id=758936 The Tribunal allowed the appeal, determining that the enhancement of the valuation of imported porcelain vitrified tiles was unjustified. It concluded that the declared value should be adopted for assessment, as the NIDB data alone was insufficient to reject the declared value without proper substantiation and comparison. Consequently, the Tribunal directed that the declared value be accepted, granting any consequential relief as per the law. The Tribunal emphasized the necessity of adhering to proper procedures and legal principles in valuation disputes, asserting that the assessment could be challenged under Section 128 of the Customs Act. en-us Wed, 18 Sep 2024 00:00:00 +0530 Fri, 20 Sep 2024 15:25:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758936 The Tribunal allowed the appeal, determining that the enhancement of the valuation of imported porcelain vitrified tiles was unjustified. It concluded that the declared value should be adopted for assessment, as the NIDB data alone was insufficient to reject the declared value without proper substantiation and comparison. Consequently, the Tribunal directed that the declared value be accepted, granting any consequential relief as per the law. The Tribunal emphasized the necessity of adhering to proper procedures and legal principles in valuation disputes, asserting that the assessment could be challenged under Section 128 of the Customs Act. Case-Laws Customs Wed, 18 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758936