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2014 (3) TMI 458 - AT - CustomsRejection of the transaction value - Rule 12 of the Customs (Valuation) Rules, 2007 - Enhancement of transactional value - Held that:- although the transaction value has been rejected but loading of the value has not been on the basis of contemporaneous import. The loading has been done on the basis of NTN pricelist by offering discount of 35%. As per the invoice, transaction value has been declared by different description, size and quantity of the impugned goods shown in the invoice and no comparable price of the said goods had been brought on record by the adjudicating authority. Without having NIDB data and the value of contemporaneous import, enhancement of value is not sustainable. Therefore, the case law relied upon by the learned A.R. are not relevant to the facts of this case as no contemporaneous imports are available for the impugned goods. Therefore, the value addition made on the transaction value as declared by the appellants is not justified - Decided in favour of assessee.
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