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2018 (1) TMI 1472 - AT - CustomsValuation of imported goods - declaration of lower value - Rule 5 of the Customs Valuation Rules, 2007 - reliance placed on NIDB data and also to the circular issued by the DGOV - Held that:- Department had not invoked the provisions of Rule 12 of the Valuation Rules, for rejecting the declared value. Thus, in absence of rejection of declared value, the value declared by the appellant cannot be re-determined, by resorting to the provisions of Rule 5 of the Rules - the Department has not produced any other evidence to reject the value declared by the appellant. The re-determination of value by the authorities below cannot be sustained and the value declared by the importer should be considered for the purpose of assessment of bill of entry and for payment of customs duty on such declared value - appeal allowed - decided in favor of appellant.
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