https://www.taxtmi.com/caselaws?id=763788 The CESTAT Bangalore allowed the appeal challenging enhancement of declared values for imported induction cookers. The tribunal held that customs authorities cannot enhance transaction values without admissible evidence or justifiable reasons. Comparison with goods imported by different importers was deemed improper due to varying specifications and features across brands and models. The appellant demonstrated correct value declaration through import invoices and letters of credit showing no extra remittances. Customs failed to formally reject declared values before enhancement, violating natural justice principles. Payment of enhanced duty due to demurrage concerns did not constitute acceptance of loaded values. The enhancement was ruled untenable without proper justification. en-us Thu, 05 Sep 2024 00:00:00 +0530 Fri, 27 Dec 2024 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763788 The CESTAT Bangalore allowed the appeal challenging enhancement of declared values for imported induction cookers. The tribunal held that customs authorities cannot enhance transaction values without admissible evidence or justifiable reasons. Comparison with goods imported by different importers was deemed improper due to varying specifications and features across brands and models. The appellant demonstrated correct value declaration through import invoices and letters of credit showing no extra remittances. Customs failed to formally reject declared values before enhancement, violating natural justice principles. Payment of enhanced duty due to demurrage concerns did not constitute acceptance of loaded values. The enhancement was ruled untenable without proper justification. Case-Laws Customs Thu, 05 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763788