https://www.taxtmi.com/caselaws?id=782787 CESTAT Kolkata dismissed the Revenue's appeal and upheld the order of the Commissioner (Appeals) setting aside enhancement of the assessable value of imported goods. The Tribunal held that, in absence of any allegation or evidence of mis-declaration, fake invoices or extra consideration paid to the foreign supplier, the declared transaction value could not be rejected merely on the basis of NIDB data. It found that the Department had not applied the Customs Valuation Rules, 2007 sequentially and had selectively relied on higher, reassessed contemporaneous values. Following settled SC principles on transaction value, the Tribunal restored the importer's declared value and rejected the Revenue's case. en-us Wed, 19 Mar 2025 00:00:00 +0530 Mon, 01 Dec 2025 15:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782787 CESTAT Kolkata dismissed the Revenue's appeal and upheld the order of the Commissioner (Appeals) setting aside enhancement of the assessable value of imported goods. The Tribunal held that, in absence of any allegation or evidence of mis-declaration, fake invoices or extra consideration paid to the foreign supplier, the declared transaction value could not be rejected merely on the basis of NIDB data. It found that the Department had not applied the Customs Valuation Rules, 2007 sequentially and had selectively relied on higher, reassessed contemporaneous values. Following settled SC principles on transaction value, the Tribunal restored the importer's declared value and rejected the Revenue's case. Case-Laws Customs Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782787