Customs Valuation Dispute: Tribunal Strikes Down 13% Value Enhancement as Unlawful and Procedurally Incorrect

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....CESTAT adjudicated a customs valuation dispute, finding the re-assessment of imported goods' value unlawful. The tribunal determined that the enhancement of value by 13% "on account of SVB loading" lacks legal basis, as no such provision exists in the Customs Act or valuation rules. The assessment was conducted without recording reasons for transaction value rejection and without following prescribed valuation rules sequentially. The tribunal held that both the Assessing Officer's re-assessment and the Commissioner (Appeals)' order were procedurally and substantively incorrect. Consequently, the impugned order was set aside, and the appeal was allowed, effectively nullifying the unauthorized value enhancement.....