Customs improperly rejected import value without evidence; failed to follow valuation rules. Partner's penalty lacked basis. Tribunal favors importer.

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....Rejection of transaction value declared by appellant was improper as it lacked cogent and comparable evidence from contemporaneous imports. Adjudicating authority failed to consider appellant's evidence on contemporaneous lower-value imports and provide details of higher adopted values. Valuation rules were not followed systematically for re-determining assessable value. Penalty imposed on appellant's partner u/s 114AA lacked requisite ingredients. Impugned order set aside, appeal allowed by Customs, Excise and Service Tax Appellate Tribunal.....