https://www.taxtmi.com/caselaws?id=764301 CESTAT Chennai allowed the appeal, ruling that customs authorities erred in rejecting the declared transaction value of imported goods between unrelated parties. The tribunal held that revenue failed to discharge its burden of proving the declared value was unacceptable, noting no evidence of related parties, extra payments, or extraneous considerations influencing the valuation. Following SC precedent in Century Metal Recycling case, the tribunal emphasized that transaction value rejection requires reasonable evidence and proper investigation, which was absent here. en-us Tue, 07 Jan 2025 00:00:00 +0530 Wed, 08 Jan 2025 08:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764301 CESTAT Chennai allowed the appeal, ruling that customs authorities erred in rejecting the declared transaction value of imported goods between unrelated parties. The tribunal held that revenue failed to discharge its burden of proving the declared value was unacceptable, noting no evidence of related parties, extra payments, or extraneous considerations influencing the valuation. Following SC precedent in Century Metal Recycling case, the tribunal emphasized that transaction value rejection requires reasonable evidence and proper investigation, which was absent here. Case-Laws Customs Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764301