2014 (1) TMI 1168

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....ed this appeal against the impugned order whereby the Commissioner (Appeals) accepted the value declared by the respondents and set aside the enhanced value for the goods imported. The Commissioner (Appeals) has held as under :- "In terms of the Hon'ble Supreme Court's decision in the case of M/s. Eicher Tractors Limited, 2000 (122) E.L.T. 31, it is well settled law that transaction value can not....

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....ot passed any speaking order for rejecting the transaction value. The circumstances that permit such rejection and the alternative basis for fixing assessable value are specified in the Valuation Rules themselves. No such legally permissible steps were taken in the present case. There is catena of decisions including the one given by the Hon'ble Supreme court in the case of M/s Eicher Tractors Lim....