https://www.taxtmi.com/caselaws?id=761314 Declared value of imported aluminium scrap could not be upheld on appeal without examining the speaking order, contemporaneous import data and the valuation basis used to reject transaction value. The appellate authority had set aside the re-determination without addressing the specific reasons recorded by the assessing authority, including reliance on NIDB data, contemporaneous imports and the LME-linked approach under the Customs Valuation Rules, 2007. That omission made the appellate order unsustainable, so it was set aside and the matter remanded for fresh consideration on the valuation issue. en-us Mon, 08 Jul 2024 00:00:00 +0530 Fri, 08 Nov 2024 19:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761314 Declared value of imported aluminium scrap could not be upheld on appeal without examining the speaking order, contemporaneous import data and the valuation basis used to reject transaction value. The appellate authority had set aside the re-determination without addressing the specific reasons recorded by the assessing authority, including reliance on NIDB data, contemporaneous imports and the LME-linked approach under the Customs Valuation Rules, 2007. That omission made the appellate order unsustainable, so it was set aside and the matter remanded for fresh consideration on the valuation issue. Case-Laws Customs Mon, 08 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761314