https://www.taxtmi.com/caselaws?id=770575 The Tribunal rejected the Revenue's attempt to enhance customs value based on selective NIDB data without following statutory procedure. The court found the enhancement illegal, emphasizing that transaction value must be accepted unless valid reasons exist to reject it. The Revenue failed to provide cogent evidence or a speaking order justifying the value increase, resulting in the dismissal of its appeal and upholding the original transaction value. en-us Wed, 09 Apr 2025 00:00:00 +0530 Tue, 13 May 2025 09:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770575 The Tribunal rejected the Revenue's attempt to enhance customs value based on selective NIDB data without following statutory procedure. The court found the enhancement illegal, emphasizing that transaction value must be accepted unless valid reasons exist to reject it. The Revenue failed to provide cogent evidence or a speaking order justifying the value increase, resulting in the dismissal of its appeal and upholding the original transaction value. Case-Laws Customs Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770575