https://www.taxtmi.com/caselaws?id=759632 CESTAT Ahmedabad allowed the appeal by remand in a bunker valuation case. The tribunal held that NIDB data should be adopted for valuing bunker consumed during coastal runs, but recognized difficulties in finding comparable quantities data. The tribunal directed that the deductive method under customs valuation rules could be applied to adjust for quantity differences between actual consumption and NIDB import data. The Commissioner (Appeals) order was modified and the matter was remanded to the original Adjudicating Authority for redetermination of assessable value using appropriate valuation methodology. en-us Thu, 03 Oct 2024 00:00:00 +0530 Sat, 05 Oct 2024 08:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759632 CESTAT Ahmedabad allowed the appeal by remand in a bunker valuation case. The tribunal held that NIDB data should be adopted for valuing bunker consumed during coastal runs, but recognized difficulties in finding comparable quantities data. The tribunal directed that the deductive method under customs valuation rules could be applied to adjust for quantity differences between actual consumption and NIDB import data. The Commissioner (Appeals) order was modified and the matter was remanded to the original Adjudicating Authority for redetermination of assessable value using appropriate valuation methodology. Case-Laws Customs Thu, 03 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759632