Customs Valuation Overturned: Free Replacement Goods Not Grounds for Reassessment Under Rule 46 with Full Sale Value Restoration

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....CESTAT allowed the appeal, finding that re-determination of customs value for replacement goods was unjustified. The tribunal held that original goods were cleared at declared value, and replacement goods provided free of charge should not trigger valuation reassessment. The department improperly auctioned goods without appellant's knowledge while an appeal was pending. The tribunal directed restoration of sale value and set aside the original order, emphasizing that supplier list price cannot be arbitrarily used for valuation without sufficient rationale.....