https://www.taxtmi.com/caselaws?id=769897 CESTAT Kolkata dismissed Revenue's appeal challenging stay of operation order regarding enhancement of declared transaction value of imported goods. The Tribunal held that enhancement based solely on selective National Import Database data without following statutory provisions and valid reasons is unsustainable. Following precedent in Commissioner of Customs v. Prabhu Electrical Industries, the Tribunal ruled the value enhancement legally untenable, finding no merit in Revenue's appeal. en-us Thu, 24 Apr 2025 00:00:00 +0530 Sat, 03 May 2025 08:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769897 CESTAT Kolkata dismissed Revenue's appeal challenging stay of operation order regarding enhancement of declared transaction value of imported goods. The Tribunal held that enhancement based solely on selective National Import Database data without following statutory provisions and valid reasons is unsustainable. Following precedent in Commissioner of Customs v. Prabhu Electrical Industries, the Tribunal ruled the value enhancement legally untenable, finding no merit in Revenue's appeal. Case-Laws Customs Thu, 24 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769897