https://www.taxtmi.com/caselaws?id=769811 CESTAT NEW DELHI set aside a customs re-assessment that enhanced imported goods value by 13% for "SVB loading" without legal basis. The court found the Assessing Officer lacked authority to reject transaction value without recorded reasons and failed to follow sequential valuation rules under Section 14 of Customs Act, 1962. The Commissioner (Appeals) erred in upholding the re-assessment despite absence of speaking order required under Section 17(5). The re-assessment was deemed contrary to law and without proper justification. Appeal allowed. 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=769811 CESTAT NEW DELHI set aside a customs re-assessment that enhanced imported goods value by 13% for "SVB loading" without legal basis. The court found the Assessing Officer lacked authority to reject transaction value without recorded reasons and failed to follow sequential valuation rules under Section 14 of Customs Act, 1962. The Commissioner (Appeals) erred in upholding the re-assessment despite absence of speaking order required under Section 17(5). The re-assessment was deemed contrary to law and without proper justification. Appeal allowed. Case-Laws Customs Wed, 30 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769811