https://www.taxtmi.com/caselaws?id=769813 CESTAT Bangalore allowed the appeal regarding undervaluation of imported goods. The adjudication authority improperly rejected the transaction value under Rule 4 without admissible evidence to compare appellant's goods with proforma invoices of different brands. The authority denied cross-examination during personal hearing, violating natural justice principles. The tribunal held that transaction value can only be rejected when it falls under Rule 4(2) exceptions, and subsequent valuation rules apply only after proper rejection. No comparable imports or material evidence existed to justify rejecting the declared transaction value. en-us Wed, 30 Apr 2025 00:00:00 +0530 Fri, 02 May 2025 08:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769813 CESTAT Bangalore allowed the appeal regarding undervaluation of imported goods. The adjudication authority improperly rejected the transaction value under Rule 4 without admissible evidence to compare appellant's goods with proforma invoices of different brands. The authority denied cross-examination during personal hearing, violating natural justice principles. The tribunal held that transaction value can only be rejected when it falls under Rule 4(2) exceptions, and subsequent valuation rules apply only after proper rejection. No comparable imports or material evidence existed to justify rejecting the declared transaction value. Case-Laws Customs Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769813