2015 (10) TMI 544 - AT - Customs

Valuation - Determination of transaction value - Held that - issue that is raised in these appeals is regarding the valuation of the goods imported. The revenue authorities have rejected the transaction value as declared and sought to enhance the value while it is a case of the appellant that value declared by them is of contemporaneous imports of similar goods. It was brought to our notice that identical issue in the case of Mark International was remanded back by final order 2015 (9) TMI 1392 - CESTAT MUMBAI . On perusal of said order which was produced before us we find it so and note that the matter is remanded back the lower authorities to consider the issue as per the directions given in final order 2015 (9) TMI 761 - CESTAT MUMBAI - Decided in favour of assessee.

Summary

Issues: Valuation of imported goods

In this judgment by the Appellate Tribunal CESTAT Mumbai, the appeals filed by both the revenue and the assessee were disposed of concerning the valuation of goods imported. The revenue authorities had rejected the declared transaction value and sought to enhance it, while the appellant argued that the declared value matched contemporaneous imports of similar goods. The Tribunal noted a similar issue in the case of Mark International, which was remanded back to the lower authorities for reconsideration in accordance with specific directions. Consequently, the appeals were allowed, and the matter was remanded to the lower authorities with instructions to decide after following natural justice principles and considering the Tribunal's directives in a previous order. The judgment emphasized that all issues were to be open for further discussion before the lower authorities, and the cross objections were also disposed of.