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2008 (5) TMI 575 - AT - CustomsValuation of imported goods - Honed Finished (Colored, Polished) Marble Slabs - Contemporaneous imports - Held that: - the lower authority has decided the value on the basis of imports at Mumbai. The appellants had not been given any documentary evidence in support of the value adopted by the Revenue. It is also not very clear as to whether the items imported in Mumbai Port are identical to those imported by the appellants. Moreover, the reasons for rejecting the transaction value in terms of Rule 4(2) have not been specified. The Valuation Rules have not been sequentially followed - transaction value declared has to be accepted - appeal allowed - decided in favor of appellant.
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