https://www.taxtmi.com/caselaws?id=774424 The CESTAT NEW DELHI allowed the appeal in a customs valuation case involving imported motorcycles. The Commissioner (Appeals) had rejected the declared value and re-determined it under rules 4 and 10(a) of the Customs Valuation Rules, 1988, relying on statements made by the appellant company's Director under section 108 of the Customs Act, 1962. The Tribunal held that since the mandatory procedure under section 138B of the Customs Act was not followed, the Director's statements could not be relied upon, following the precedent in Surya Wires case. The Commissioner's finding of under-valuation and misdeclaration was unsustainable, and the order was set aside. en-us Mon, 23 Jun 2025 00:00:00 +0530 Wed, 09 Jul 2025 08:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774424 The CESTAT NEW DELHI allowed the appeal in a customs valuation case involving imported motorcycles. The Commissioner (Appeals) had rejected the declared value and re-determined it under rules 4 and 10(a) of the Customs Valuation Rules, 1988, relying on statements made by the appellant company's Director under section 108 of the Customs Act, 1962. The Tribunal held that since the mandatory procedure under section 138B of the Customs Act was not followed, the Director's statements could not be relied upon, following the precedent in Surya Wires case. The Commissioner's finding of under-valuation and misdeclaration was unsustainable, and the order was set aside. Case-Laws Customs Mon, 23 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774424