https://www.taxtmi.com/caselaws?id=772820 CESTAT Mumbai dismissed the appeal challenging transaction value determination for imported steam coal. The adjudicating authority correctly rejected the proposal to substitute declared transaction value with alternative value from earlier supply chain stages without following statutory valuation sequence under Customs Valuation Rules, 2007. The tribunal held that invoices from sellers outside India cannot establish price between seller and buyer in India under section 14 of Customs Act, 1962. Proposals for confiscation and penalties were legally untenable absent duty evasion or misdeclaration. The Committee of Chief Commissioners exceeded jurisdiction by attempting to overturn settled tribunal precedents. en-us Tue, 25 Mar 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772820 CESTAT Mumbai dismissed the appeal challenging transaction value determination for imported steam coal. The adjudicating authority correctly rejected the proposal to substitute declared transaction value with alternative value from earlier supply chain stages without following statutory valuation sequence under Customs Valuation Rules, 2007. The tribunal held that invoices from sellers outside India cannot establish price between seller and buyer in India under section 14 of Customs Act, 1962. Proposals for confiscation and penalties were legally untenable absent duty evasion or misdeclaration. The Committee of Chief Commissioners exceeded jurisdiction by attempting to overturn settled tribunal precedents. Case-Laws Customs Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772820