https://www.taxtmi.com/caselaws?id=462526 The CESTAT New Delhi rejected the appellant's declared value for imported goods after discovering the correct transaction value through investigation, including evidence from the appellant's own emails. The tribunal held that Section 14 of the Customs Act requires assessment based on actual transaction value, not artificially reduced invoices created solely for customs filing. The court emphasized that permitting separate "private purpose" invoices alongside lower-value customs invoices would enable widespread duty evasion through undervaluation. Due to conflicting decisions by coordinate benches on this valuation issue, the matter was referred to the President for consideration of referral to a larger bench for definitive resolution. en-us Mon, 10 Apr 2023 00:00:00 +0530 Sat, 28 Jun 2025 14:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462526 The CESTAT New Delhi rejected the appellant's declared value for imported goods after discovering the correct transaction value through investigation, including evidence from the appellant's own emails. The tribunal held that Section 14 of the Customs Act requires assessment based on actual transaction value, not artificially reduced invoices created solely for customs filing. The court emphasized that permitting separate "private purpose" invoices alongside lower-value customs invoices would enable widespread duty evasion through undervaluation. Due to conflicting decisions by coordinate benches on this valuation issue, the matter was referred to the President for consideration of referral to a larger bench for definitive resolution. Case-Laws Customs Mon, 10 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462526