Tribunal Rules: Clear Justification Needed for Rejecting Declared Value of Imported Aluminum Scrap; Assessing Authority Must Explain.

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....Valuation of imported goods - Aluminum Scrap - rejection of declared value - The Tribunal has rightly mentioned that this declared price could be rejected only with cogent reasons by undertaking the exercise as to on what basis the Assessing Authority could hold that the paid price was not the sole consideration of the transaction value.....