https://www.taxtmi.com/caselaws?id=760241 The tribunal concluded that the rejection of the declared value under Rule 12 of the Customs Valuation Rules, based solely on NIDB data, was unjustified and unsustainable. The tribunal set aside the decision to uphold the rejection, allowing the appeal with consequential benefits. It emphasized the necessity of providing valid reasons and evidence to reject declared values, highlighting the inadmissibility of relying solely on NIDB data for valuation purposes. en-us Wed, 16 Oct 2024 00:00:00 +0530 Wed, 16 Oct 2024 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760241 The tribunal concluded that the rejection of the declared value under Rule 12 of the Customs Valuation Rules, based solely on NIDB data, was unjustified and unsustainable. The tribunal set aside the decision to uphold the rejection, allowing the appeal with consequential benefits. It emphasized the necessity of providing valid reasons and evidence to reject declared values, highlighting the inadmissibility of relying solely on NIDB data for valuation purposes. Case-Laws Customs Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760241