https://www.taxtmi.com/caselaws?id=772442 CESTAT NEW DELHI allowed the appeal challenging rejection of declared value under Rule 10A of Customs Valuation Rules, 1988. The tribunal found no additional consideration was paid as the Euro 1 million invoice was cancelled with no payment made. The invoice was for services rendered after another entity failed to perform work. The Commissioner failed to follow prescribed procedure under section 138B of the Act. Consequently, rejection of transaction value, redetermination under Rule 8, duty recovery under section 28, goods confiscation, and penalties could not be sustained. Penalties on foreign persons/entities were also invalid as Customs Act did not extend outside India during relevant period. en-us Fri, 06 Jun 2025 00:00:00 +0530 Mon, 09 Jun 2025 07:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772442 CESTAT NEW DELHI allowed the appeal challenging rejection of declared value under Rule 10A of Customs Valuation Rules, 1988. The tribunal found no additional consideration was paid as the Euro 1 million invoice was cancelled with no payment made. The invoice was for services rendered after another entity failed to perform work. The Commissioner failed to follow prescribed procedure under section 138B of the Act. Consequently, rejection of transaction value, redetermination under Rule 8, duty recovery under section 28, goods confiscation, and penalties could not be sustained. Penalties on foreign persons/entities were also invalid as Customs Act did not extend outside India during relevant period. Case-Laws Customs Fri, 06 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772442