https://www.taxtmi.com/caselaws?id=771191 CESTAT Delhi held that customs authorities failed to comply with Section 14 and Valuation Rules when reassessing imported goods' value. The department relied solely on importer's admission and payment deposit without conducting proper valuation exercise or examining contemporaneous imports' quality, quantity, and characteristics. Court emphasized that admission alone doesn't absolve authorities from mandatory compliance requirements. No evidence showed excess payment to suppliers beyond invoice price. Revenue failed to discharge burden of proof for enhanced valuation. Original transaction value upheld, reassessed enhanced value set aside, appeal allowed. en-us Fri, 16 May 2025 00:00:00 +0530 Thu, 22 May 2025 08:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771191 CESTAT Delhi held that customs authorities failed to comply with Section 14 and Valuation Rules when reassessing imported goods' value. The department relied solely on importer's admission and payment deposit without conducting proper valuation exercise or examining contemporaneous imports' quality, quantity, and characteristics. Court emphasized that admission alone doesn't absolve authorities from mandatory compliance requirements. No evidence showed excess payment to suppliers beyond invoice price. Revenue failed to discharge burden of proof for enhanced valuation. Original transaction value upheld, reassessed enhanced value set aside, appeal allowed. Case-Laws Customs Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771191