https://www.taxtmi.com/caselaws?id=461811 Legal Case Summary:The SC/Tribunal addressed customs valuation challenges, focusing on the legality of enhancing import goods' value without statutory procedure. The court ruled against the Revenue's selective use of comparative data from the National Import Database (NIDB) to increase assessable value. The Tribunal held that transaction values must be accepted unless clear evidence proves otherwise, emphasizing adherence to Section 14 of the Customs Act and Valuation Rules. The Revenue's appeal was dismissed, affirming the Commissioner (Appeals) order maintaining the original declared invoice value. en-us Fri, 28 Feb 2025 00:00:00 +0530 Wed, 30 Apr 2025 10:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461811 Legal Case Summary:The SC/Tribunal addressed customs valuation challenges, focusing on the legality of enhancing import goods' value without statutory procedure. The court ruled against the Revenue's selective use of comparative data from the National Import Database (NIDB) to increase assessable value. The Tribunal held that transaction values must be accepted unless clear evidence proves otherwise, emphasizing adherence to Section 14 of the Customs Act and Valuation Rules. The Revenue's appeal was dismissed, affirming the Commissioner (Appeals) order maintaining the original declared invoice value. Case-Laws Customs Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461811