https://www.taxtmi.com/caselaws?id=786397 Enhancement of assessable value under customs valuation was overturned because the surrogate benchmark relied on imports from later dates and therefore failed the contemporaneity requirement; consequence: the value enhancement lacked legal authority and is set aside. Separately, denial of exemption benefit under the cited notifications for goods claimed as exempt was found unsustainable because the tariff requires application of rates for like goods produced in India and assessment cannot reference other laws; consequence: the impugned orders denying effective duty rate are set aside and the appeals allowed. en-us Thu, 09 Oct 2025 00:00:00 +0530 Thu, 12 Feb 2026 09:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786397 Enhancement of assessable value under customs valuation was overturned because the surrogate benchmark relied on imports from later dates and therefore failed the contemporaneity requirement; consequence: the value enhancement lacked legal authority and is set aside. Separately, denial of exemption benefit under the cited notifications for goods claimed as exempt was found unsustainable because the tariff requires application of rates for like goods produced in India and assessment cannot reference other laws; consequence: the impugned orders denying effective duty rate are set aside and the appeals allowed. Case-Laws Customs Thu, 09 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786397