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2016 (7) TMI 359 - AT - CustomsValuation - rejection of transaction value - contemporaneous import of similar goods at another port - Held that:- nowhere the original adjudicating authority and the Commissioner (Appeals) in their orders have been able to convincingly reject the transaction value declared by the appellants in their import documents. We find that the Revenue has not been able to convincingly prove that the contemporaneous imports quoted by the original adjudicating authority in the orders were of ‘identical goods’. The Revenue’s contention that the Customs were justified in enhancing the value based on contemporaneous imports do not have any force when we find that the price quoted cannot be proved that they were of “identical” goods and when there was no evidence to justify the rejection of the invoice values declared by the appellants. Revenue is not able to prove any undervaluation or mis-declaration and thus able to convincingly reject the transaction value declared by the importer. - demand set aside - Decided in favor of assessee.
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