https://www.taxtmi.com/caselaws?id=766360 CESTAT Delhi held that customs authorities cannot re-assess and enhance the value of imported goods without conducting proper enquiry under Section 17(4) of Customs Act 1962 and Rule 12 of Valuation Rules. The department relied solely on NIDB data to reject declared value and enhance assessment, without following prescribed procedures. Mere voluntary payment of differential duty by appellant does not constitute written acceptance of re-assessment. The tribunal ruled that transaction value cannot be rejected without cogent reasons and proper methodology. The confirmation of differential duty violated statutory provisions and was set aside. Appeal allowed. en-us Thu, 20 Feb 2025 00:00:00 +0530 Mon, 24 Feb 2025 08:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766360 CESTAT Delhi held that customs authorities cannot re-assess and enhance the value of imported goods without conducting proper enquiry under Section 17(4) of Customs Act 1962 and Rule 12 of Valuation Rules. The department relied solely on NIDB data to reject declared value and enhance assessment, without following prescribed procedures. Mere voluntary payment of differential duty by appellant does not constitute written acceptance of re-assessment. The tribunal ruled that transaction value cannot be rejected without cogent reasons and proper methodology. The confirmation of differential duty violated statutory provisions and was set aside. Appeal allowed. Case-Laws Customs Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766360