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2015 (10) TMI 2390 - AT - CustomsTransaction Value – Rule 4(1) of the Customs Valuation Rules – Department has not been able to dispute the genuineness of the transaction value nor adduced any evidence of contemporary import – Appellant contends that once the Transaction Value is determined under Rule 4(1) there is no question for determining the value under subsequent rules. Held That:- Reliance on only one part of the Chartered Engineers certificate and ignoring the other part is a misdirected step in arriving at a conclusion - Revenue could have accepted the Transaction Value or the value could be determined under the Residual Rule 8 of Customs Valuation Rules - Order of Commissioner (Appeals) is not sustainable – Decided against the Revenue.
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