https://www.taxtmi.com/caselaws?id=461806 The SC/Tribunal dismissed the Department's appeal challenging customs valuation. The key ruling affirmed that transaction value must be the primary basis for assessment, and enhancement of value is impermissible without valid evidence, following statutory procedures under Section 14 of Customs Act. The Department's selective use of National Import Database (NIDB) data was deemed arbitrary and legally unsustainable, reinforcing principles of procedural fairness in customs valuation. en-us Tue, 31 Oct 2023 00:00:00 +0530 Wed, 30 Apr 2025 08:37:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461806 The SC/Tribunal dismissed the Department's appeal challenging customs valuation. The key ruling affirmed that transaction value must be the primary basis for assessment, and enhancement of value is impermissible without valid evidence, following statutory procedures under Section 14 of Customs Act. The Department's selective use of National Import Database (NIDB) data was deemed arbitrary and legally unsustainable, reinforcing principles of procedural fairness in customs valuation. Case-Laws Customs Tue, 31 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461806