https://www.taxtmi.com/caselaws?id=775917 The CESTAT Chennai allowed the appeal, setting aside the order that rejected the declared invoice value and enhanced the transaction value based on an unsigned draft contract and a contemporaneous import. The tribunal found that the appellant was not supplied with the unsigned contract relied upon for valuation, violating natural justice principles. The adjudicating authority exceeded the scope of the Show Cause Notice by relying on a contemporaneous import without proper examination. Consequently, the rejection of the declared value, confiscation, and penalties were quashed. The declared invoice value was accepted, and the appeal was allowed. en-us Thu, 31 Jul 2025 00:00:00 +0530 Sat, 02 Aug 2025 07:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775917 The CESTAT Chennai allowed the appeal, setting aside the order that rejected the declared invoice value and enhanced the transaction value based on an unsigned draft contract and a contemporaneous import. The tribunal found that the appellant was not supplied with the unsigned contract relied upon for valuation, violating natural justice principles. The adjudicating authority exceeded the scope of the Show Cause Notice by relying on a contemporaneous import without proper examination. Consequently, the rejection of the declared value, confiscation, and penalties were quashed. The declared invoice value was accepted, and the appeal was allowed. Case-Laws Customs Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775917