https://www.taxtmi.com/caselaws?id=764771 Imported e-rickshaw parts were not treated as complete goods under Rule 2(a) because, as presented, they lacked the essential character of a finished e-rickshaw, including the battery-driven propulsion system. The note also states that transaction value cannot be rejected and assessable value enhanced without recorded reasons and compliance with the prescribed valuation procedure, as this offends natural justice. Where the alleged misdeclaration of description, classification, and value is not established, confiscation, redemption fine, and penalty do not survive. The Commissioner (Appeals)' classification was upheld and the valuation enhancement was rejected. en-us Thu, 16 Jan 2025 00:00:00 +0530 Fri, 17 Jan 2025 08:46:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764771 Imported e-rickshaw parts were not treated as complete goods under Rule 2(a) because, as presented, they lacked the essential character of a finished e-rickshaw, including the battery-driven propulsion system. The note also states that transaction value cannot be rejected and assessable value enhanced without recorded reasons and compliance with the prescribed valuation procedure, as this offends natural justice. Where the alleged misdeclaration of description, classification, and value is not established, confiscation, redemption fine, and penalty do not survive. The Commissioner (Appeals)' classification was upheld and the valuation enhancement was rejected. Case-Laws Customs Thu, 16 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764771