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2017 (8) TMI 1512 - CESTAT BANGALOREValuation of imported goods - Ethyl Alcohol - rejection of declared value - enhancement of declared value - Rule 10A of the Customs Valuation Rules, 1988 - only basis on which in the present proceedings, such a course of action was taken is that there were certain imports through Mumbai Port which had a value higher by 7.6% - Held that:- The original authority did not elaborate the reasons for resorting to provisions of Rule 6. He has not addressed the submissions of the appellant regarding the contract being entered into in June, 2004 itself. A variation of about 7% spread over a period of over four or five months cannot per se lead to a conclusion that the imported goods are undervalued. Additional corroborative evidences are required in such situation to reject the transaction value and to re-determine the same - In the present case, there is no discussion or finding at all, on this valuation aspects - Appeal allowed - decided in favor of appellant.
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