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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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