https://www.taxtmi.com/caselaws?id=779154 CESTAT MUMBAI - AT allowed the appeal, set aside the revision of assessable value and restored the declared transaction value. The Tribunal held that customs failed to discharge the onus under rule 12 of the Customs Valuation Rules to demonstrate true comparability with benchmark imports, and that reliance on an unrelated First Schedule tariff notation for computation was legally improper. As a result, the rejection of the declared value was overturned and the impugned order quashed. en-us Mon, 29 Sep 2025 00:00:00 +0530 Tue, 30 Sep 2025 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779154 CESTAT MUMBAI - AT allowed the appeal, set aside the revision of assessable value and restored the declared transaction value. The Tribunal held that customs failed to discharge the onus under rule 12 of the Customs Valuation Rules to demonstrate true comparability with benchmark imports, and that reliance on an unrelated First Schedule tariff notation for computation was legally improper. As a result, the rejection of the declared value was overturned and the impugned order quashed. Case-Laws Customs Mon, 29 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779154