2023 (10) TMI 541

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....for the Appellant Smt. O.M. Reena, Additional Commissioner for the Respondent ORDER This appeal arises against the impugned Order-inAppeal No. 410/2014 dated 10.03.2014 passed by the first appellate authority and the only issue involved is: whether the Revenue is justified in re-valuing the imported goods by rejecting the declared value?   2.1 From the peru....

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....le/600x600mm Malaysia 2.3 It appears that the Director General of Valuation had suspected the declared valuation as early as in 2000 on the ground that the same was undervalued and hence, the subject bills-of-entry were provisionally assessed pending verification of the declared unit value.  3. From the said Order-in-Original, we do not see anything worthwhile emerging fr....

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....'; no reference is made anywhere to suggest that there was under-valuation by the appellant in the impugned imports, but quite comfortably the NIDB data has been relied upon to reject the transaction value and the value has consequently been jacked up, equated with that of the so-called contemporaneous imports. 4.1 We have perused the table reproduced by the original authority at paragrap....

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....no reference ever made to the price being at arm's length, nor is there any allegation that the transaction was between related parties. In the case on hand, the Revenue has not alleged anything other than relying on NIDB data.  4.3  Also, the Revenue has nowhere held that the transaction value declared by the appellant was incorrect or unbelievable, to reject the same. It is al....